Elrond to 425$ and 793$ with Fibonnaci Circles
Hi everyone,
Mr Fibonnaci was a Italian and one of the most talented Western Mathematician of the Middle Ages.. Today is famous among pro traders for this sequence of Fibonacci numbers than simply drawing Fibonacci retracement and fibo extension levels.. If you want to truly harness the power of Fibonacci numbers, you should also consider using tool such as Fibonacci Circle. With traditional Fibonacci retracements levels, there is no way to predict when the price of an asset might reach these levels.
the best aspect of Fibonacci Circle or Fibonacci Arc is it adds the element of the time horizon to the chart. So, we can pinpoint exactly when the price will react to a certain support or resistance level in the future and prepare our entries and exit..
Today iam decrypting Elrond using the Fib Circles.
Next resistance targets for Elrond :
-249$
-425$
-793$
-1404$
-3139$
Possible we are going to grab the liquidity on the Neckline at 44$ before.
Mr Fibonnaci was a Italian and one of the most talented Western Mathematician of the Middle Ages.. Today is famous among pro traders for this sequence of Fibonacci numbers than simply drawing Fibonacci retracement and fibo extension levels.. If you want to truly harness the power of Fibonacci numbers, you should also consider using tool such as Fibonacci Circle. With traditional Fibonacci retracements levels, there is no way to predict when the price of an asset might reach these levels.
the best aspect of Fibonacci Circle or Fibonacci Arc is it adds the element of the time horizon to the chart. So, we can pinpoint exactly when the price will react to a certain support or resistance level in the future and prepare our entries and exit..
Today iam decrypting Elrond using the Fib Circles.
Next resistance targets for Elrond :
-249$
-425$
-793$
-1404$
-3139$
Possible we are going to grab the liquidity on the Neckline at 44$ before.
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