hello
As you know some indicator had been stuied from centries and they still respected with phenomenen way, like Fibonnacci like Eliot waves.....
So, here as you see our fibo extenssion is respected by the move of lucy crypto, i explain how:
- when the last weekly grow up is accurated it was stopped by the level 0.5 fibo, thing that considered as a rule,(in general when a pulse is performing it try to reach first 0.5 level then mostly level to reach is 0.618 (golden number.
- in other word you should wait until breaking up this 0.5 level (0.04246110) with nice candle and nice big buyer volume. target expected is 0.618 fibo level (see chart)
so good luck
As you know some indicator had been stuied from centries and they still respected with phenomenen way, like Fibonnacci like Eliot waves.....
So, here as you see our fibo extenssion is respected by the move of lucy crypto, i explain how:
- when the last weekly grow up is accurated it was stopped by the level 0.5 fibo, thing that considered as a rule,(in general when a pulse is performing it try to reach first 0.5 level then mostly level to reach is 0.618 (golden number.
- in other word you should wait until breaking up this 0.5 level (0.04246110) with nice candle and nice big buyer volume. target expected is 0.618 fibo level (see chart)
so good luck
