Hi Traders,
RIVN formed a CUP on the 240 chart. I anticipate the handle will close the small gap around the $19.80 area, which is also a trend support zone. Once price is in this area, consider a bullish position targeting the $24 trend resistance. Once RIVN breaks trend resistance, target $34 which is the 1:1 ratio from the depth of the cup pattern.
Entry: $20
T1: $24
T2: $34
SL: $18
Happy Trading!
RIVN formed a CUP on the 240 chart. I anticipate the handle will close the small gap around the $19.80 area, which is also a trend support zone. Once price is in this area, consider a bullish position targeting the $24 trend resistance. Once RIVN breaks trend resistance, target $34 which is the 1:1 ratio from the depth of the cup pattern.
Entry: $20
T1: $24
T2: $34
SL: $18
Happy Trading!
Nota
Almost there.Nota
RIVN is in the entry zone at a key level of support. Targeting the 1/19 $20C and the 
19PNota
There is a bearish order block around the $19 area as denoted in the chart below. Bearish traders sold RIVN in DEC 23, but RIVN didn't decline further in price. Instead, it moved up, which indicates Bearish traders exhausted their selling power and will likely be eager to close their positions by buying RIVN at this price point, thereby constituting a bullish demand zone and potential price reversal. It is also at the 61% Fibonacci level, which is typically where prices rebound on assets. Dagangan ditutup secara manual
Cup and Handle Pattern invalid now as RIVN has closed below the 78% FIB level.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.