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.

Learn about Fibonacci retracements and what a mathematical discovery made almost 1,000 years ago can tell you about the direction of your investments.

Fibonacci retracement and extension levels provide critical resistance and support zones, defining the likely price trajectory.

Chainlink price holds near $23 as whales keep accumulating, while traders eye $22 support and possible upside reversal.

The Fibonacci levels are based on a retracement, and the extension of the ABCD pattern. In addition, the first and higher price zone also includes the 34-Day EMA.

What stands out is how buyers broke past an old sell zone at $14 and that turned resistance into a possible launchpad.

Technical traders who subscribe to Elliott Wave Theory often use Fibonacci retracement and extension levels to validate the existence of this pattern and determine potential exchange rate targets.

A resurgence in price from the 50% Fibonacci retracement level, coupled with higher monthly and quarterly closings, suggests a strong bullish outlook.

Fibonacci Analysis: Key Resistance And Support Levels A Fibonacci retracement analysis shows that the stock has retraced to the 78.6% level (circa $3.86), a critical support point.

Our goal is to not only give you actionable information, but to help you understand why we think this is happening based on pure price analysis with Fibonacci retracements, that we believe are the ...