danimalmidnight

danimalmidnight

Can't go up forever without some sort of consolidation around these price levels. Looking for a healthy correction to around the 0.618 fib and then hopefully more movement upward. The fundamentals look strong and the price/share will start to look more and more undervalued as the winter months drag on.

danimalmidnight

The rejection from 4100 was extreme but it was bought up in the 3900s as quickly as it was sold down. I see this as the market punishing greedy bulls and establishing a pattern for them so that they don't long the next breakout above the triangle resistance. The 3day and 1day charts are still in upward mode and pushing this, however, this could change if we stay...

danimalmidnight

For whatever reason, this support/resistance line acted as a magnet during the most recent test of new lows. It served as a launching pad for both upward and downward movement. As much as the daily and 12H charts look like absolute garbage right now, I believe that this line will play out again in much the same way over the next 2 days or so. The trend of longer...

danimalmidnight

While it's always possible that this breaks up, the likelihood of a breakdown on this bear flag is high. The intensity of the initial legs down warrant further price action to the downside. I think a better entry can still be had closer to the top of the triangle pattern, somewhere around 4540. Obviously all eyes will be on whether or not 4k holds when it gets...

danimalmidnight

What I'm doing in this bear market is cycling through the medium time-frames and looking for the price to get stuck under a successful moving average cross like you see here. Price will likely fall sometime around the beginning of the next 45 minute candle. Stop is set just above the cross just incase the cross-over is challenged.

danimalmidnight

watch for rvn to double top equal or higher in value with lower rsi