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.

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.

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% ...

Is Fibonacci retracement effective in volatile markets like cryptocurrency? Yes, due to the volatile nature of crypto markets, Fibonacci retracement is frequently used to predict potential ...

Payments-focused cryptocurrency XRP is down but not out, whereas the outlook for dogecoin (DOGE) appears grim, based on an analysis of Fibonacci retracement levels. XRP reached a peak of $3.40 in ...