Crypto Contest February 1: OctoFi

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OctoFi (Uniswap: OCTOUSDC) has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, OCTO began a red wave one advance on January 27. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on January 28 and the red wave two (blue sub-waves a-b-c) correction ended on January 30. If this wave count is correct, OCTO should be heading next towards the January 28 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Zooming out in the daily chart, I believe OCTO is currently in the red wave three (blue sub-wave iii). The red wave one began on October 21, 2020 and the red wave two correction ended on December 31, 2020.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

OctoFi is a DeFi platform where all fees go to OCTO holders. You can watch their latest AMA below.

(Sources: https://octo.fi/)

How Will OctoFi Trade?

OctoFi (Uniswap: OCTOUSDC) daily chart by Tradingview.

(Chart courtesy of Tradingview.com (log scale))

Prizes

I will be giving upvotes to the correct answers with minimum reputation of 25.

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.

OCTO will takeout the January 28 peak

OCTO will drop below the January 22 low

OCTO will stay in a trading range between the January 22 low and the January 28 peak until March 10

Posted Using LeoFinance Beta



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74 comments
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OCTO will takeout the January 28 peak

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$rewarding

Posted Using LeoFinance Beta

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The reward of this comment goes 100 % to the author gregory-f. This is done by setting the beneficiaries of this comment to 100 %.

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OCTO will drop below the January 22 low

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OCTO will stay in a trading range between the January 22 low and the January 28 peak until March 10

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OCTO will stay in a trading range between the January 22 low and the January 28 peak until March 10

!WINE
!BEER
for you

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OCTO will takeout the January 28 peak

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$rewarding

Posted Using LeoFinance Beta

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The reward of this comment goes 100 % to the author lydon.sipe. This is done by setting the beneficiaries of this comment to 100 %.

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OCTO will drop below the January 22 low

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OCTO will takeout the January 28 peak

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$rewarding

Posted Using LeoFinance Beta

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The reward of this comment goes 100 % to the author crokkon. This is done by setting the beneficiaries of this comment to 100 %.

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OCTO will takeout the January 28 peak

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$rewarding

Posted Using LeoFinance Beta

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The reward of this comment goes 100 % to the author siomara-2018. This is done by setting the beneficiaries of this comment to 100 %.

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OCTO will stay in a trading range between the January 22 low and the January 28 peak until March 10

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OCTO will stay in a trading range between the January 22 low and the January 28 peak until March 10

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0.000
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OCTO will stay in a trading range between the January 22 low and the January 28 peak until March 10

0
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0.000
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OCTO will stay in a trading range between the January 22 low and the January 28 peak until March 10

0
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0.000
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OCTO will drop below the January 22 low

0
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0.000
avatar

OCTO will takeout the January 28 peak

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0.000
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$rewarding

Posted Using LeoFinance Beta

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The reward of this comment goes 100 % to the author oneacc. This is done by setting the beneficiaries of this comment to 100 %.

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OCTO will takeout the January 28 peak

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0.000
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$rewarding

Posted Using LeoFinance Beta

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0.000
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The reward of this comment goes 100 % to the author monnet. This is done by setting the beneficiaries of this comment to 100 %.

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OCTO will stay in a trading range between the January 22 low and the January 28 peak until March 10

0
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0.000
avatar

OCTO will drop below the January 22 low

0
0
0.000
avatar

OCTO will takeout the January 28 peak

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0
0.000
avatar

$rewarding

Posted Using LeoFinance Beta

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0.000
avatar

The reward of this comment goes 100 % to the author mshares. This is done by setting the beneficiaries of this comment to 100 %.

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OCTO will stay in a trading range between the January 22 low and the January 28 peak until March 10

0
0
0.000
avatar

OCTO will stay in a trading range between the January 22 low and the January 28 peak until March 10

Posted Using LeoFinance Beta

0
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0.000
avatar

OCTO will stay in a trading range between the January 22 low and the January 28 peak until March 10

0
0
0.000
avatar

OCTO will drop below the January 22 low

0
0
0.000
avatar

OCTO will stay in a trading range between the January 22 low and the January 28 peak until March 10

0
0
0.000
avatar

OCTO will takeout the January 28 peak

0
0
0.000
avatar

$rewarding

Posted Using LeoFinance Beta

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0.000
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The reward of this comment goes 100 % to the author mhsm. This is done by setting the beneficiaries of this comment to 100 %.

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OCTO will takeout the January 28 peak

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0.000
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$rewarding

Posted Using LeoFinance Beta

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0.000
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The reward of this comment goes 100 % to the author verhollo. This is done by setting the beneficiaries of this comment to 100 %.

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OCTO will drop below the January 22 low

0
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0.000
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OCTO will stay in a trading range between the January 22 low and the January 28 peak until March 10

0
0
0.000
avatar

OCTO will takeout the January 28 peak

0
0
0.000
avatar

$rewarding

Posted Using LeoFinance Beta

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0.000
avatar

The reward of this comment goes 100 % to the author jhonnygo. This is done by setting the beneficiaries of this comment to 100 %.

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OCTO will drop below the January 22 low

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