Technical analysts use four main Fibonacci-based techniques: retracements, arcs, fans, and time zones to identify potential support and resistance levels.

Fibonacci retracement levels are a strategy that some traders use to analyze a stock’s resistance levels. You can use many different retracement levels but one of the most common is 61.8%.

Bitcoin (BTC) bulls mounted a fresh challenge to a crucial resistance level as traders looked forward to U.S. inflation data. The top cryptocurrency rose to $122,056, testing the 1.618% Fibonacci ...