Description
⋅ Wave 1 is clear, as it’is the beginning of AMP life in Coinbase.
Wave 2 is clear, as first retracement has been currently developed.
Wave 3 is 1.618 of wave 1 45% of times. If not, then will be bigger.
Wave 4 is a retracement to Fib 0.5 of wave 3 60% of times, and this exactly coincides with our ATH.
Wave 5 usually is replica of wave 3. If not, then it’s bigger.
So this is the most conservative prediction of AMP price development till Jul, attending to Eliott Waves theory and its Fibonacci relationships.