After making an ultimate low in May, $RIVN has consolidated in what looks like a basing pattern since.
GoNoGo Trend has painted several “Go Fish” bars as prices have been able to stabilize. During this time, GoNoGo Oscillator has twice risen above the zero line. Most recently, this foray into positive territory has been accompanied by heavy volume. We will watch to see if GoNoGo Oscillator is able to find support at the zero line and for price to rise above resistance at $33 if this “Go” trend is to take hold.
