Fibonacci ratios are widely used to develop price targets for retracements on countertrend moves. A Fibonacci retracement will help spot support levels in an uptrend or resistance in a downtrend.

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 ...

On Friday, March 20, as the U.S. stock market closed out its worst week since 2008 amid coronavirus-related turmoil (before recovering somewhat early the following week), investors were left with a ...

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 ...

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 ...

An ongoing retracement in natural gas continues with a drop below Thursday’s low. Support for the day was seen at a low of 2.54, followed by an intraday bounce. The ...

Dogecoin looks set to break out of a major Fibonacci retracement level on the weekly chart, which historically served as resistance. Crypto Surf, a prominent market analyst, called the public's ...

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 ...