The chart shows CRWV moving inside a downward trending channel, and the price is now touching the bottom of the channel, where it has shown a mild bullish reaction. This zone can offer a good risk-to-reward long opportunity, but only if the lower boundary holds.
Bullish Scenario (if price holds above the channel bottom)
As long as CRWV stays above $68–$72:
• Target 1: $90
• Target 2: $105
• Target 3: $118 (top of the channel)
Bearish Scenario
If the price breaks below $68:
• Downside target: $50
• Extended bearish target: $30
Stop-Loss
• A confirmed break below $68 with strong bearish volume
Bullish Scenario (if price holds above the channel bottom)
As long as CRWV stays above $68–$72:
• Target 1: $90
• Target 2: $105
• Target 3: $118 (top of the channel)
Bearish Scenario
If the price breaks below $68:
• Downside target: $50
• Extended bearish target: $30
Stop-Loss
• A confirmed break below $68 with strong bearish volume
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.
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.