The RIVN chart is starting to look good here. As you can see from the chart, we've broken out of a falling wedge. The next challenge is for price to flip the $15.27 resistance level as support and retest it.
If it can do that, then I think we can start to see a sustained uptrend. If it tests $15.27 or briefly breaks above it and rejects, then I think there's a possibility of one more retest of the lows prior to the move starting.
That said, the chart is starting to look really good over the long term. I think this has 10X+ potential over the coming years.
If it can do that, then I think we can start to see a sustained uptrend. If it tests $15.27 or briefly breaks above it and rejects, then I think there's a possibility of one more retest of the lows prior to the move starting.
That said, the chart is starting to look really good over the long term. I think this has 10X+ potential over the coming years.
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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.