Crypto Contest February 4: MarsDAO

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avatar of @maarnio
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4 months ago - 1 minutes read

MarsDAO (PancakeSwap: MDAOBUSD) has broken out of the triangle pattern in the weekly chart.

Image from thread
(Chart courtesy of Tradingview.com(log scale))

Elliott Wave Analysis

In Elliott Wave terms, MDAO began a red wave one advance in June 2022. The red wave one peaked in June 2022 and the red wave two correction ended in September 2022. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished in November 2022 and the red wave four (blue sub-waves a-b-c) correction ended in January this year. If this wave count is correct, MDAO should be heading next towards the November 2022 peak in the red wave five.

Image from thread
(Chart courtesy of Tradingview.com(log scale))


MarsDAO is a community token of a multifunctional decentralized platform for using various investment instruments in the cryptocurrency market and operating on the principle of decentralized autonomous organizations. You can find their statistics below.

Image from thread
(Sources: https://daomars.com/)

How Will MarsDAO Trade?

MarsDAO (PancakeSwap: MDAOBUSD) weekly chart by Tradingview.

Image from thread
(Chart courtesy of Tradingview.com(log scale))


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


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.

MDAO will takeout the November 2022 peak

MDAO will drop below the June 2022 low

MDAO will stay in a trading range between the June 2022 low and the November 2022 peak until March 13

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