I am looking at Celer Network/ Bitcoin pair on Binance.
theory shows we have just had 5 impulse waves up followed by an ABCDE correction. This completes waves 1 and 2 of a much larger structure.
I am now expecting a 3rd impulse wave. Using the fib extension tool I have put the 1.618, 2.618 and 3.618 extensions on the chart. I have no idea which target will be hit but I am being conservative and using the as the target in this example which is roughly 215% gain on a long position. Breaking above the is even further confirmation and we will look for the next fib extension targets.