Crypto Contest February 1: CORE MultiChain

CORE MultiChain (PancakeSwap: CMCXUSDT) has broken out of the triangle pattern in the daily chart. (Chart courtesy of Tradingview.com(log scale))

Elliott Wave Analysis

In Elliott Wave terms, CMCX began a red wave one advance in October 2022. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked in November 2022 and the red wave two (blue sub-waves a-b-c) correction ended in January this year. If this wave count is correct, CMCX should be heading next towards the November 2022 peak in the red wave three. (Chart courtesy of Tradingview.com(log scale))

Funnymentals

CORE MultiChain (Cryptographic Object Resource Engine) is a PoS blockchain 3.0 framework focused on interoperability, scalability, and usability and privacy. You can watch their 2022 reflections below.

(Sources: https://www.coremultichain.com/)

How Will CORE MultiChain Trade?

CORE MultiChain (PancakeSwap: CMCXUSDT) daily chart by Tradingview. (Chart courtesy of Tradingview.com(log scale))

Prizes

I will be giving upvotes to the correct answers (posts only).

Rules

This poll will expire in one week. Only one vote per person.

Which one will happen first?

Please select one of the three choices and comment below.

CMCX will takeout the November 2022 peak

CMCX will drop below the October 2022 low

CMCX will stay in a trading range between the October 2022 low and the November 2022 peak until March 10

Posted Using LeoFinance ^Beta