As of May 22, 2026, CRDO (Credo Technology Group Holding Ltd.) is in a uptrend state on the weekly chart, with a confidence level of 74%. Key support is at $165 and key resistance at $225. Weekly uptrend intact; sharp impulse to new highs above all key EMAs/SMAs, then a pullback that is still holding well above rising EMA50 (~$130) and prior breakout area; RSI(14) ~67 (bullish but not extreme).
Bullish continuation: pullback holds the $165-$175 demand zone, then price reclaims $225 and grinds/impulses higher (likely Elliott Wave: wave 3/5 continuation or wave 5 extension). Fibonacci-wise this looks like a post-breakout consolidation that can lead to a 1.272–1.618 extension from the last swing.
Bearish retracement within a larger uptrend: failure to reclaim $225 leads to a deeper mean-reversion toward the rising EMA50/SMA50 cluster area; could be an Elliott Wave wave 4-style correction (ABC) before resuming higher.
Weekly close above $225 (reclaim/extension of the recent high zone) would confirm trend continuation.
Weekly close below $165 (loss of the last higher-low/pivot zone) would invalidate the clean uptrend read and raise deeper retrace risk.
Start near prior breakout/structure support; add on deeper pullback to next demand/round-number support; heavy add aligns with rising EMA50 (~$130) and the most likely wave-4 mean reversion zone if volatility expands.
Trim into strength at likely Fib extension/psych levels and prior volatility peaks; heavier trims if price gets increasingly stretched above EMA50/EMA100 with RSI staying elevated and wide weekly ranges (blow-off risk).
As of May 22, 2026, CRDO (Credo Technology Group Holding Ltd.) is in a uptrend state on the weekly chart with 74% confidence. Weekly uptrend intact; sharp impulse to new highs above all key EMAs/SMAs, then a pullback that is still holding well above rising EMA50 (~$130) and prior breakout area; RSI(14) ~67 (bullish but not extreme).
On the weekly timeframe, CRDO has key support at $165 and key resistance at $225. The most likely scenario (bullish) targets $245 and $280, with a revert level at $210.
CRDO (Credo Technology Group Holding Ltd.) is currently classified as uptrend on the weekly chart, with 74% confidence. Confirmation requires: Weekly close above $225 (reclaim/extension of the recent high zone) would confirm trend continuation. This would be invalidated by: Weekly close below $165 (loss of the last higher-low/pivot zone) would invalidate the clean uptrend read and raise deeper retrace risk.
The most likely scenario (bullish) targets $245 and $280, with a revert level at $210. The alternative scenario (bearish) targets $180 and $150.
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