What cryptos are above the fib 50% level?
What cryptos are above the fib 50% level?
I wanted to start a thread dedicated to analyzing which cryptocurrencies are currently holding strong above their 50% Fibonacci retracement levels. Essentially, if you use the Fibonacci retracement tool and draw it from a coin’s cycle low to its cycle high, is the coin’s price sitting above that critical 50% mark?
This could be an awesome way to identify which assets are in a stronger position right now and may have more bullish momentum behind them. A lot of us rely on these levels to gauge market strength, so why not share what we know and compile a list together?
Let’s pool our knowledge, draw out the fibs, and share which cryptos are over that crucial 50% level! It could give us some insight into coins that are showing resilience or gearing up for a run.
️So, what cryptos have you noticed that are still above their 50% retracement level?
Will there be a response that actually answers the question? Let’s see
Charting is a very demanding task for crypto bros here. Instead, we throw dice to decide when and how much to buy.