Fibonacci retracement is a popular tool in technical analysis used by traders to identify potential reversal levels and support or resistance points in the price movement of assets. Based on the ...
Casey Murphy has fanned his passion for finance through years of writing about active trading, technical analysis, market commentary, exchange-traded funds (ETFs), commodities, futures, options, and ...
Fibonacci retracement uses specific ratios to predict stock reversals. Key Fibonacci levels are 0%, 23.6%, 38.2%, 50%, 61.8%, and 100%. Investors use these levels for setting price goals and trading ...
Centuries ago, before there was any semblance of a stock market, one Italian developed a theory that would lay the groundwork for countless mathematical applications. Fibonacci retracements are ...
The Fibonacci sequence is more than a historical curiosity. It is a practical method of technical analysis used to highlight potential areas that traders monitor for support and resistance.
The cryptocurrency market is known for its volatility and rapid price movements. For traders looking to navigate the unpredictability of digital currencies, technical analysis tools are indispensable.
Fibonacci was an Italian mathematician during the 12th and 13th centuries that found a sequence of numbers that occurred frequently in nature. Fibonacci was an Italian mathematician during the 12th ...
The Fibonacci Retracement indicator suggests that $5,300 is the main short-term trend level for Bitcoin. Given the tendency of BTC to retest key Fibonacci levels, it may indicate that the dominant ...