continuous inventory is quite different to cycle count.
in continuous inventory you distribute the whole counting effort more or less equally throughout the year. It is actually a WM inventory method as you count bin wise to no miss anything, still you would do a annual count at years end for everything what was not counted during the year .
Cycle count means that you inventory has no good accuracy and hence you want count the item more often per year. Instead of counting it just once you eventually count it 12 times, so it adds actually a lot effort for the sake of accuracy.
Of course you can use the ABC calculation from Cycle count to classify your materials.
But to use it for Continuous inventory you would need to download it and do further preparation in Excel, e.g. the distribution of items to certain inventory dates.
Then you use this list as basis to copy the material numbers of a certain counting date and paste it into the material number multiple selection of MI31.