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RE: Crypto Of The Day: Synereo
The alpha was demoed live for the first time in a conference in Vancouver, on the 9th of September. They have a fundraising starting September 19:
https://blog.synereo.com/2016/08/29/synereos-second-fundraising-campaign-coming/
The 1.61 extension of waves 1 to 2 in the four-hour chart leads to 0.00069.
I am a newbie to this, but could you give some context to this 1.61? Is it some type of multiple or price target? What do you think, worst case, will happen to the price over the next couple of days and long term.
Wave three often extends wave one by a ratio of 1.618:1.
https://en.wikipedia.org/wiki/Elliott_wave_principle
Worst case is always 0, but I don't think we will get below 0.00024.