I must say, those who are criticizing this chart obviously do not understand it. The Austrian economist Franz Kniesthaur once once observed that the patterns of the wooded peckeril were to be found throughout the natural world. As children, do you not remember the joy of the playground slide? There is a very deep connection here.
I'd almost believe this were possible *except* that support is now a little below the "transactional floor" price... we would need to see a rather massive drop in tx volume on the chain before going that low would/could possibly happen, and the tx metric is trending very much in the other direction, so our floor is moving up! I'd believe $7, for example.