Assuming the market cooperates and we do not see a larger more significant drop, I still think GRWG can continue it's rally up to another base ....
First, I expect some overhead supply which is likely to push us back down (labeled on chart) then I will watch for a healthy break up and engage .
Let's see how it goes next week , if instead we see a continued downtrend , I will see that as a warning sign that a distribution cycle may be forming instead . But for now , I'm bullish . None the less, let's see which way the wind blows first and go with it...
Good luck ~
First, I expect some overhead supply which is likely to push us back down (labeled on chart) then I will watch for a healthy break up and engage .
Let's see how it goes next week , if instead we see a continued downtrend , I will see that as a warning sign that a distribution cycle may be forming instead . But for now , I'm bullish . None the less, let's see which way the wind blows first and go with it...
Good luck ~
艾力克~
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
艾力克~
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.