RIVN looks a lot like COIN did last year. HTF bull div on 1M coming out of oversold.
Think this is a long term hold, but even a 1yr tf should be fruitful. Not to mention, I love their trucks. Cool design, cool tech. gud car.
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BANG.
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just realized the OP is on the weekly tf not monthly lol you can see that beautiful monthly bull div coming out of oversold on the chart right above.
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just realized i forgot to linlk the COIN chart from last year.
for those interested in the relativity..
not a single person boosted my COIN idea at the literal bottom lol.
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Significant pull back on the monthly into previous S/R. Monthly macro still looks great, this would be where we'd want to add, if you're looking to do so.
Expecting consolidation here or potential wicking back up. Expecting to hover around this zone til EOY.
Weekly RSI still hovering around EQ, which is what we want to see. Monthly RSI still looks bullish af.
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Zooming in to LTF and that feels like it was the liq push we needed below the previous S/R to form a bottom.
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We added a bit down here slightly below our original cb. Thankful for the opportunity to add more down here.
macro still looks great from a div perspective and more locally, we're just in a large distribution range.
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We've continued adding around our original CB. W2 feels complete. Earnings around the corner.