Overstock.com $OSTK has falling from the heights of almost $90 a share at the start of the year to about $31 a share in April. It should not surprise you that OSTK has followed the hype and crash cycle of bitcoin and the crypto market in general. What this means is that we should be cautious in assessing the 2017 rally. This is not a rally based on OSTK's fundamentals, but rather for its CEO Patrick Byrne's early adoption of crypto. OSTK didn't have to have any clear strategy involving crypto. Just the association was able to give this stock over 500% in gains since 2017 before the 2018 correction. OSTK Daily Chart (click to enlarge) Key Resistance:- The daily chart shows that price has already falling below the November 2017 lows, but started to consolidate above $31 and below $41. - Price has been within this $31-$41 range since April. - Once again, price is attacking the range resistance.- I still think that this resistance will hold. - If the 2017 rally was organic I would be more inclined to look for the bullish breakout. However, that is not the case and OSTK could still be in a correction/consolidation phase. - Furthermore, the RSI is now at 60. If the market is going to continue the correction mode, we should probably see the RSI turn down while price turns over as well and head towards $31.- I would be more inclined to anticipate a break below $30-31 with downside to at least $24 and even $20.Bullish Scenario:- Now if price breaks above $41.45, we still should be cautious. I would anticipate resistance at or below $48. - Here we see a previous support/resistance pivot, as well as the 200-, and 100-day simple moving averages (SMAs).- Also, if price is around $48, and the RSI is above 70, we should anticipate selling.