digitalblack

digitalblack

Forming a nice pennant on XVG, 1d chart

digitalblack Updated 

Looking to see if it hits support at the bottom of the channel. Might sell some on the next peak, just to play around with it.

digitalblack Updated 

If it passes the cloud, I'm in.

digitalblack

Can we break the channel? If not, probably going downwards more.

digitalblack

We're all just hoping it goes back up because either we're in a trade, or we believe in the tech, or we want to buy at the bottom, or all of the above. Here's hoping that's enough to create some self-fulfilling prophecies.

digitalblack

If this is a correction due to inflated growth, it may continue along the same original channel, given the fundamentals haven't changed dramatically.

digitalblack

Not sure where the channel is going to stop. Bounced off the 15,000 level, but RSI is showing the pressure has come off. I think it will drop further, maybe bounce off the 14,000 limit, but we'll see. Eventually I still believe the fundamentals are there to go back up. I think this is a short term correction that will turn around for long term gains.

digitalblack

Potential of going even lower? Or about to do a reversal? It's not steeply down, so might just be ready to break upwards.