"Retracement levels" refer to specific price levels that a stock, currency, or any other financial asset tends to reach when it pulls back or retraces after a significant move in the opposite direction. These levels are often used by traders and investors to gauge potential buying or selling opportunities based on historical price patterns.
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«retracement»
«levels»
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Sentences with «retracement levels»
- During the upside move, the price broke the 61.8 percent Fib retracement level of the last wave from the $ 625 low to $ 725 high to open the doors for an upside move. (bitcoinist.com)
- A positive start to the day saw Bitcoin Cash break free from the 23.6 % FIB Retracement Level of $ 1,402 to an intraday high $ 1,455.7 before going into reverse (fxempire.com)
- If the bears succeed, the cryptocurrency will fall to the 61.8 percent Fibonacci retracement level of $ 2.62196. (ccinews.net)
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