Evening Traders,
Today’s analysis – GRWG – trading towards a technical location where a bounce is probable,
Points to consider,
- Price Action Corrective
- Range High Support
- Order Bock Confluence
- Declining Volume
- RSI Extended
GRWG’s immediate price action is trading towards its Range High that has technical confluence with an Order Block, allowing for a bullish bias.
The current volume profile is on a decline, an influx is needed for a strong bullish expansion.
The RSI is currently extended, a reversion to its mean is and bullish control zone is likely on the bounce.
Overall, in my opinion,
GRWG is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Hope is bogus emotion that only costs you money.” – Jim Cramer
Today’s analysis – GRWG – trading towards a technical location where a bounce is probable,
Points to consider,
- Price Action Corrective
- Range High Support
- Order Bock Confluence
- Declining Volume
- RSI Extended
GRWG’s immediate price action is trading towards its Range High that has technical confluence with an Order Block, allowing for a bullish bias.
The current volume profile is on a decline, an influx is needed for a strong bullish expansion.
The RSI is currently extended, a reversion to its mean is and bullish control zone is likely on the bounce.
Overall, in my opinion,
GRWG is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Hope is bogus emotion that only costs you money.” – Jim Cramer
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.