CoreWeave Unravels

By -

It’s a shame about CRWV. A couple of months ago, this hyperscaler looked ready for total doom, but then it blasted above its topping pattern.

Since then, it has formed a higher, smaller topping pattern, and it appears to be breaking down from that. I just don’t trust it anymore, having been disappointed before, so I’m simply going to watch from a safe distance (even though I am mega-bearish on the entire hyperscaling industry).