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~