As of this week Rigetti has failed in uptrend continuation, there's still trend strength but it continues to weaken. It may take much longer for RGTI to find the bottom. Watch for $14 level to hold the support and be cautious of further downtrend once broken.
Note
P.S.There are many other indicators that are being used for this TA, the above snapshot is only an example. The usual setups and strategies are based on trend-trading and include indicators like trend strength, squeeze oscillator, etc. from trading firms like Simpler Trading, GoNoGo Charts and others.
And as you should know - always follow your strategy and make your own choices.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.