Does the Three Black Crows work on Cardano?

On Cardano's daily chart, after a three black crows Cardano fell within 7 days 56% of the time across 68 past cases. On an ordinary day it did so 53% of the time.

No edge: a coin flipIndistinguishable from an ordinary day on this coin. Most patterns land here.
On CardanoNo edge
56% of 68 casesbaseline 53%
All coinsNo edge
50% of 8,345 casesbaseline 54%
Median move after the pattern +1.17% vs +0.70% from any bar; after a 0.2% round trip of fees +0.97%.

Daily chart

WithinCardanoOrdinary barCasesAll coinsVerdict
24 hours41% (31%–51%)51%9141% vs 51%No edge
30 days51% (37%–65%)55%4556% vs 58%No edge
7 days56% (44%–67%)53%6850% vs 54%No edge

4-hour chart

WithinCardanoOrdinary barCasesAll coinsVerdict
24 hours44% (39%–50%)51%30847% vs 50%Leans opposite
7 days55% (47%–62%)52%17252% vs 52%No edge

1-hour chart

WithinCardanoOrdinary barCasesAll coinsVerdict
24 hours49% (45%–53%)52%55248% vs 50%No edge
4 hours45% (41%–48%)50%78445% vs 49%Leans opposite

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 Cardano 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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