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RE: Crypto Of The Day: Synereo
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.