Crypto Contest February 1: CORE MultiChain

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CORE MultiChain (PancakeSwap: CMCXUSDT) has broken out of the triangle pattern in the daily chart.
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(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.
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(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.
image.png
(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



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

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

!WINE
!hivebits
!PIZZA
!LOLZ
!BBH
!CTP
!ENGAGE 100
!LUV
!BEER

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!WINE
!hivebits
!PIZZA
!LOLZ
!BBH
!CTP
!ENGAGE 100
!LUV
!BEER

Posted Using LeoFinance Beta

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CMCX will takeout the November 2022 peak

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CMCX will takeout the November 2022 peak

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Congratulations @maarnio! You received a personal badge!

You powered-up at least 10 HIVE on Hive Power Up Day! This entitles you to a level 1 badge.
Participate in the next Power Up Day and try to power-up more HIVE to get a bigger Power-Bee.
May the Hive Power be with you!

You can view your badges on your board and compare yourself to others in the Ranking

Check out our last posts:

Hive Power Up Month Challenge - January 2023 Winners List
Be ready for the February edition of the Hive Power Up Month!
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CMCX will drop below the October 2022 low

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

Lots of charts looking pretty good to me!

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

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0.000
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CMCX will takeout the November 2022 peak

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CMCX will takeout the November 2022 peak

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