My Dear Binance Follower
We are going to describe Market pattern
Today we describe Fibonacci retracements
Fibonacci retracements: It is a tool that
displays horizontal lines based on the Fibonacci
numbers. These lines can then be used as key support and resistance levels. To use the
Fibonacci retracement tool, you first start by
identifying a swing low and swing high on a
chart, then drag the tool from the swing low
to the swing high. Next, wait for the price to
make a pull back to one of these levels,
ideally the 0.382 Fibonacci level, because
thatâs the most common level where price
tends to reverse. If the price touches that
level, that could be a good buy entry. Keep
in mind that price could also reverse from
other Fibonacci levels. Combine it with other
confirmation signals to get a better entry.
Note: Please Do share , like and comment
And For next part you need to follow
#CryptoMarketMoves #MtGoxJulyRepayments #MarketDownturn #BinanceHODLerBANANA #BinanceTurns7 $QKC $TON $BAKE
