Does the Three Black Crows work on Aave?

On Aave's daily chart, after a three black crows Aave fell within 7 days 60% of the time across 50 past cases. On an ordinary day it did so 50% of the time.

No edge: a coin flipIndistinguishable from an ordinary day on this coin. Most patterns land here.
On AaveNo edge
60% of 50 casesbaseline 50%
All coinsNo edge
50% of 8,345 casesbaseline 54%
Median move after the pattern +3.80% vs -0.05% from any bar; after a 0.2% round trip of fees +3.60%.

Daily chart

WithinAaveOrdinary barCasesAll coinsVerdict
24 hours38% (27%–49%)50%6941% vs 51%Leans opposite
30 days50% (34%–66%)53%3456% vs 58%No edge
7 days60% (46%–72%)50%5050% vs 54%No edge

4-hour chart

WithinAaveOrdinary barCasesAll coinsVerdict
24 hours50% (44%–56%)50%25947% vs 50%No edge
7 days58% (51%–66%)49%15452% vs 52%Weak edge

How this is measured: each occurrence is counted from the bar where the pattern became knowable, overlapping cases are dropped, and the result is compared with how often Aave moved the same way from any random bar over the same window. A pattern only earns "beat the baseline" when the difference is larger than luck explains across all the tests we run. Full method.

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