Cryptocurrency Q&A
How to use Fibonacci?
How to use Fibonacci?
NebulaChaser
Fri Nov 08 2024
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5 answers
1283
I'm interested in learning about the Fibonacci sequence. I want to understand how to apply it and utilize it in practical situations. Can someone explain how to use Fibonacci?
5 answers
KDramaLegendary
Sat Nov 09 2024
As the line is being dragged, the Fibonacci retracement levels begin to be plotted on the chart automatically.
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Martino
Sat Nov 09 2024
These levels provide key points of interest for potential price reversals or continuations, aiding the trader in making informed decisions.
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Margherita
Sat Nov 09 2024
To utilize the Fibonacci retracement tool, a trader must first select it from the available chart tools.
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Isabella
Sat Nov 09 2024
Once selected, the trader is required to click on the trough point of the chart.
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DondaejiDelightfulCharm
Sat Nov 09 2024
Without releasing the click, the trader must then drag the line towards the peak of the chart.
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