This article delves into how Fibonacci retracement works, its application in crypto trading, and real-world examples of how traders use this tool to improve their trading outcomes.

Mr Peters said: “See this recent upwards move on Bitcoin. Connecting the low to the high using the Fibonacci retracement tool auto populates the levels.” ...

Nvidia Stock Price: Key Levels To Watch Using Fibonacci retracement analysis, the 23.6% pullback from the highs of 2023 to the lows of 2023 corresponds to $369, or roughly 15% below current levels.

However, failure to maintain above the $2,125 support could expose Ethereum to further downside risks, potentially testing the $1,586 level (0.786 Fibonacci retracement).

INJ tested the $33.44 level (0.5 Fibonacci) before retracing below 0.236 Fibonacci retracement to a low of $19 on Dec. 20.

Price levels to watch on the way up include the three-week high of 2,389 and the 78.6% Fibonacci retracement at 2,398. There is then an interim swing high at 2,418 and the trend high at 2,431.

Using this method, the 50% retracement level is not an obstacle for the market. The S&P 500 has averaged a better return for each time frame after these signals compared to typical returns.

Fibonacci Analysis: Key Resistance And Support Levels A Fibonacci retracement analysis shows that the stock has retraced to the 78.6% level (circa $3.86), a critical support point.

The benchmark index has flirted with - but has so far failed to close above - a key Fibonacci retracement target. Until it does, the downtrend is still alive. Is the S&P 500 index's recent rally ...