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The cryptocurrency market is known for its volatility and rapid price movements. For traders looking to navigate the unpredictability of digital currencies, technical analysis tools are indispensable.
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What Are Fibonacci Retracements and Fibonacci Ratios?
Fibonacci retracements are popular among technical traders. They are based on the key numbers identified by mathematician Leonardo Pisano, nicknamed Fibonacci, in the 13th century. Fibonacci's ...
The key Fibonacci percentages help traders identify support and resistance levels As new traders flood the market, a return to the basics may help novices understand the fundamentals of options ...
UTX is trading at a level of interest. The 50% Fibonacci Retracement level of the downside move starting at 7/7/11 and ending at 8/9/11 is in play. The price level we are talking about is 79.75.
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