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$AI will likely drop to 1.5 at short term before pumping again, it touched the .618, this increases the likelihood of it reaching the previous local minimum before going up.
This is the main scenario I'm following right now. To be honest, I'm not sure if the identified wave 1 is really a wave 1, it looks like a corrective move to the upside but, for sake of simplicity, I've considered it as one.
The main difference if it is only corrective, is that it would make the targets even higher, which is what we want.
Please note that this analysis isn't meant to be an exact prediction, but something to give a direction and help to make your own decisions.
At the moment, I do believe that we are going to start the first impulsive wave. But the analysis can change as there isn't too much historical data to analyze.
As you have seen on my previous analysis, $AI did reached around $2.2, it just took time, so I would say that $3.4 is the next target, but it can take some time to get there.
Edit: Also, be aware that currently AI is going through a correction, so it may go down further to around $1.8. So, watch the price movements before blindly buying any crypto.
Ok, I think that my previous counts on AI were inacurate, right now I believe that it is actually starting its first impulsive wave to 3.4 USD, later I'll post an updated analysis. I think that $2 right now is the best price to buy it before it pumps. Alternatively, it can touch support near 1.8. But this isn't finantial advice, take your own risks.
Continuing the $AI technical analysis, we have two possible scenarios.
The bullish one, represented by the blue line, considers that the wave five isn't complete yet, on this scenario, the price can hit near to $1.5 and take it to the $2 range.
The bearish one, represented by the yellow line, considers that this cycle is finished and the price will slowly correct until something around $1.2.
Updated my technical analysis to include the last wave values. I think it is possible for it to reach 2 dollars, but not guaranteed for sure. Remember, I'm not a financial advisor or anything like that, if you follow this TA, I'm not responsible for what you decide to do.
My first technical analysis using EW on $AI . I'm still learning, so the TA may not be so accurate. Be warned if you think about taking decisions based on that.