$RIVN - RC -
Added 2024-08-12 12:21:09 +0000 UTC$RIVN is at an important junction now
Pull back has already come down to the 0.618 fib at $12 now and the price is just squished in between the 50, the 200 Day MA and the 0.5 Fib, at a very strong confluence level at $14.
I suspect a strong move to come next....bulls will obviously want a break to the upside and get back above the bull case at $15.76
A retest of the 0.618 Fib is possible to if there is a break down.
