CRWD remains in a strong uptrend after reclaiming momentum over the past several weeks.
Following the recent breakout, buyers have continued defending the breakout support area while price trades just below the recent high zone. Rather than showing signs of a trend reversal, the current structure still looks like healthy consolidation within the broader uptrend.
Key areas I'm watching:
• Prior High Zone
• Recent Breakout Support
• MA50 Trend Support
If buyers continue holding above the breakout area, CRWD may attempt another move through resistance and extend the current trend. A loss of breakout support would likely shift price into a deeper consolidation, but the broader trend would remain constructive as long as the higher-low structure stays intact.
Structure first. Predictions second.
Following the recent breakout, buyers have continued defending the breakout support area while price trades just below the recent high zone. Rather than showing signs of a trend reversal, the current structure still looks like healthy consolidation within the broader uptrend.
Key areas I'm watching:
• Prior High Zone
• Recent Breakout Support
• MA50 Trend Support
If buyers continue holding above the breakout area, CRWD may attempt another move through resistance and extend the current trend. A loss of breakout support would likely shift price into a deeper consolidation, but the broader trend would remain constructive as long as the higher-low structure stays intact.
Structure first. Predictions second.
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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.
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.