Cryptocurrency Q&A
Which Fibonacci indicator is best?
Which Fibonacci indicator is best?
BonsaiVitality
Tue Nov 05 2024
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4 answers
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I'm exploring technical analysis and specifically, Fibonacci indicators. There are several Fibonacci indicators like retracement, extension, and more. I want to know which one of these Fibonacci indicators is considered the best or most effective in trading.
4 answers
OpalSolitude
Thu Nov 07 2024
Fibonacci retracement levels are widely employed in technical analysis.
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HanRiverVisionaryWave
Thu Nov 07 2024
Among the most frequently used Fibonacci retracement levels are 0.382, 0.50, 0.618, and 0.781. 3. Specifically, in this particular indicator, the 0.50 and 0.618 levels are chosen for application.
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Andrea
Wed Nov 06 2024
The indicator offers dynamic plotting of these Fibonacci levels.
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Lorenzo
Wed Nov 06 2024
It automatically draws horizontal lines on the chart representing these levels.
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