Draw Fibonacci retracement and extension grids to identify hidden support and resistance that may come into play during the life of a trade.

While Fibonacci ratios are often used to identify retracements, they are also very useful in finding price targets when applied as an extension to the price trend.

That level represents the 1.618% Fibonacci extension, originating from the December 2018 lows, the December 2022 lows, and the 2021 high.

Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. They are based on Fibonacci numbers.

Fibonacci Price Extensions can be seen as the blue horizontal levels marked on the chart with the Fibonacci Time Extensions shown by the red and blue vertical lines.

The top cryptocurrency rose to $122,056, testing the 1.618% Fibonacci extension originating from the 2018 bear market low and the 2022 bear market low. The 1.618% extension is derived from the ...

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.

Bitcoin Bulls Take Another Shot at the Fibonacci Golden Ratio Above $122K as Inflation Data Looms U.S. inflation data, expected to show a rise in core CPI, may affect market volatility but is ...