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 ...
Every time Bitcoin slipped under $100,000 last week, buyers flooded in—now the weekly 55 EMA at $99,000 is the line in the sand for the next move.
When trading, the numbers on a chart tell a story. It is a story of rhythm, of ebb and flow, of expansion and contraction. This narrative can sometimes be interpreted through a mathematical sequence ...
That level represents the 1.618% Fibonacci extension, originating from the December 2018 lows, the December 2022 lows, and the 2021 high. The 1.618% extension is highly important because it's derived ...
Following Wednesday’s doji candlestick pattern, gold pulled back to test prior resistance near the top of a bull pennant. So far, support was found at the 38.2% Fibonacci level as gold bounced from ...
Bitcoin's bull run appears to be in full swing amid a broader consensus that 2021 could bring more significant gains. The question now for market participants is how high the cryptocurrency could go ...