Former resistance turning into support for GRUB at $40
GGRUB is trying to maintain support at the $40 level. This area served as resistance from the end of July through the end of August. After that GRUB broke through and the $40 level has since been an area of support. So far today that level has been successfully tested and is creating a pretty good reward:risk trade to play this as a bounce off support or a bounce off the 50dma.
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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.