RIVN 1D — It’s Time to Buy: Setup Update

The setup on Rivian (RIVN) just got upgraded from “interesting” to “strategically significant.” We’re looking at a textbook symmetrical triangle that’s been developing since July 2023, with a clean breakout and retest on the weekly trendline.

The breakout was followed by a bullish retest, right at the intersection of the triangle base and the key trendline. Volume kicked in, price held — and that’s what smart money calls confirmation.

Now, the Golden Cross is live: the 50-day MA just crossed the 200-day MA from below. Price is confidently holding above both — momentum is shifting hard. Fibs from the bottom (10.22) to the last local top (17.05) project the first target at $17, and the extended Fibonacci confluence gives us $25.64 as a long-range goal (2.618 extension).

The weekly trendline — which acted as resistance for over a year — has flipped to support. Price action respects it, bulls are loading, and structure is clean.

This is not just a bounce. It’s a technical rotation from accumulation to expansion.

The time to talk about potential is over — price action has spoken.