The stage is set for one of the bellwethers of the AI bubble. If the 70 level fails, and it was stick-saved over the last couple weeks, the vertical sides of the triangle say the stock goes to zero. Instead, if 70 fails, price will target that 40 support where the stock started a little over a year ago.
For now, there is a sideways channel at 70-120. Bears win below 70. Bulls win above 120. The middle is noise and drama. At 105 at the top rail of the triangle, watch to see if price wants to go higher and attack the 120 resistance again, or, if it falls further inside the triangle heading towards another test of the 70 baseline.
Keep an eye on the development of the descending triangle. If price breaks out higher the pattern will be nullified. However, if price retreats and loses the 70 level, there will be Hell to pay and it will probably reflect that the AI bubble has popped. Having fun yet? Una Paloma Blanca. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
Note Added Hump Day Morning, 8/19/26, at 6:36 AM EST: Ouchie. CRWV gets into a struggle and loses her weave dropping to 93. Price is back inside the descending triangle plotting its next move. The 20-wk MA is 98.83 and the 50-wk MA is 97.14 both lining out sideways. Take a purple crayon, Keystone likes purple since they taste the best, just like grapes, and draw a thick line across 97-99. This line is not in sand; it is in concrete. Bulls win big above 99. Bears win big below 97. Watch for either the failure at 70 or another try at a breakout from the triangle at 105-ish and then onward to test the 120 resistance.
Note Added Saturday, 8/22/26: CRWV is getting its weave pulled out dropping to 87.85. The drama continues.
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