#StockTradingShareChallenge

🚀 $CRWV Is Moving Fast.. Can Buyers Break the Next Resistance?

I am watching CoreWeave $CRWV closely today. The reason is that $CRWV has made a strong move recently.

Looking at the 1 hour chart $CRWV is around $107.67 now. This is after $CRWV made a move higher from the recent area where $CRWV was not moving much. The interesting thing is that buyers have completely changed the short term momentum of $CRWV.. Now $CRWV is getting close to a level where I want to see confirmation rather than just follow the move.

The key level on my chart is $112.95. This is the major resistance level that is above the current price of $CRWV. If buyers can push $CRWV through $112.95 and get a 1 hour close above it followed by a successful test the breakout could open the door to the $123–124 area. This is the major resistance zone that I can see on the chart of $CRWV.

There is another side to this setup. The RSI is around 78. This tells us that the short term move of $CRWV is quite stretched. A strong RSI does not automatically mean the price of $CRWV must fall. Because stocks can stay overbought during trends.. It does tell me that following the current move of $CRWV carries more risk.

The MACD is also supporting the momentum of $CRWV. The lines have turned upward and the histogram is positive. This shows that buyers currently have control of the short term momentum of $CRWV.

Another thing I like about the structure is where the price of $CRWV is trading relative to the moving averages. $CRWV is now above the 50 day moving average around $91.78 and the 200 day moving average around $86.68. This is an improvement compared to the previous weeks. It shows how quickly sentiment has shifted for $CRWV.

However I do not want to call this a confirmed breakout. For me $112.95 is the decision point for $CRWV. If buyers break and hold above that level then I would be more interested in a continuation toward $123–124 for $CRWV.

If the price of $CRWV gets rejected there I would rather see how $CRWV behaves around the $95–100 region before making another bullish call for $CRWV. A pullback does not automatically destroy the setup. Sometimes a test is what a strong move needs before continuing for $CRWV.

So now my view is:

📈 Above $112.95 + successful test = continuation setup for $CRWV

⚠️ Rejection from $112.95 = possible short term pullback for $CRWV

👀 $95–100 = important area to watch if buyers lose momentum for $CRWV

$CRWV has already shown that it can move very aggressively. This is not the kind of chart where I want to follow a candle for $CRWV. I would rather let the price of $CRWV prove what it wants to do.

What do you think. Can $CRWV break $112.95 and start moving toward $123–124 or do you expect a pullback before the next leg higher, for $CRWV? 👇

‍#CRWV #StockTrading