If you take an upward trend measurement from the 2019 lows for AAVE you get the white support line when extended to present.
The yellow line that slices through the middle of the chart is a weekly average price line (WAPL). You can see that AAVE spent around the first 50% of its life below the WAPL(circled in blue), and the second 50% of its life above the WAPL (circled in yellow).
You will also notice that the ratio of time from the genesis event(TGE)/time following the breakout above the WAPL, is approaching 1:1 (917 days & 889 days, respectively)
If you then take a bar-pattern measurement of the first 50% of AAVE's life (TGE to breakout above WAPL), invert it, then place it at the point where it crosses above the WAPL, the resulting data (blue bar-pattern) fits eerily well to AAVE's price movements over the second 50% of its life.
This then begs the question, "What happens if you apply the previous steps to the time AAVE's price was above the WAPL, and instead place it at the current point in time?"
The answer to that question is the yellow bar-pattern you see on the chart.
What's even more eerie is the fact that a breakdown below the WAPL, following this inverted fractal, would take the price of AAVE down exactly to the white upward support line we measured out at the very start.
wack
The yellow line that slices through the middle of the chart is a weekly average price line (WAPL). You can see that AAVE spent around the first 50% of its life below the WAPL(circled in blue), and the second 50% of its life above the WAPL (circled in yellow).
You will also notice that the ratio of time from the genesis event(TGE)/time following the breakout above the WAPL, is approaching 1:1 (917 days & 889 days, respectively)
If you then take a bar-pattern measurement of the first 50% of AAVE's life (TGE to breakout above WAPL), invert it, then place it at the point where it crosses above the WAPL, the resulting data (blue bar-pattern) fits eerily well to AAVE's price movements over the second 50% of its life.
This then begs the question, "What happens if you apply the previous steps to the time AAVE's price was above the WAPL, and instead place it at the current point in time?"
The answer to that question is the yellow bar-pattern you see on the chart.
What's even more eerie is the fact that a breakdown below the WAPL, following this inverted fractal, would take the price of AAVE down exactly to the white upward support line we measured out at the very start.
wack