Crypto Contest February 11: Cheqd

cheqd (Gate.io: CHEQUSDT) 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, CHEQ began a red wave one advance on October 18, 2023. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on November 23, 2023 and the red wave two (blue sub-waves a-b-c) correction ended on December 18, 2023. If this wave count is correct, CHEQ should be heading next towards the November 23, 2023 peak in the red wave three.

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

Funnymentals

cheqd is building infrastructure for trusted data markets on Cosmos. David Hepburn reviewed the project two months ago.

(Sources: https://cheqd.io/)

How Will cheqd Trade?

cheqd (Gate.io: CHEQUSDT) 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

CHEQ will takeout the November 23 peak

CHEQ will drop below the October 18 low

CHEQ will stay in a trading range between the October 18 low and the November 23 peak until March 18