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Find out more about Fibonacci retracement levels and how some forex traders use them profitably in their trading strategies.
Plotting Fibs on Your Charts The Fibonacci price levels on a chart are referred to as Fibs. Many charting packages have drawing tools that include Fib retracement.
What Is Fibonacci Retracement and How to Use it Fibonacci retracement is a technical analysis tool used to identify potential levels of support and resistance during a price pullback.
Fibonacci retracement levels are a strategy that some traders use to analyze a stock’s resistance levels. You can use many different retracement levels but one of the most common is 61.8%.
The Fibonacci retracement levels used in technical analysis are derived by dividing one of these numbers by another number that appears later in the chain. For example, 55 divided by 89 is 61.8% ...
Learn about Fibonacci retracements and what a mathematical discovery made almost 1,000 years ago can tell you about the direction of your investments.
Since last Thursday, the pullback in the payments-focused cryptocurrency XRP (XRP) has stalled, with bears repeatedly failing to establish a foothold below $2.995, the 38.2% Fibonacci retracement ...
BTC Faces Golden Fibonacci Hurdle at $122K, XRP Holds Support at $3 BTC bulls need to overcome the 161.8% Fib extension, the so-called golden ratio.