Fibonacci Retracement and Trend Lines for Cryptocurrency Trading
Fibonacci retracement and trend lines are two technical analysis tools that can be used together to identify potential trading opportunities in cryptocurrency markets. Fibonacci retracement levels are based on the Fibonacci sequence, a series of numbers in which each number is the sum of the two preceding ones. Trend lines are lines drawn on a price chart to connect a series of highs or lows. When used together, these tools can provide traders with a framework for identifying potential support and resistance levels, as well as trend reversals.
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