RIVN is still resting at a major support level above the 50 EMA and in the Fibonacci golden zone. RSI is still above 50; momentum is still leaning bullish.Volume is drying up and is low, and the price hasn’t moved yet. We’re waiting for a breakout or breakdown. SAR indicator, alludes to just a minor pullback and that uptrend is still intact. The next move could possibly be the big one or not.
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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.