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Crypto SnapShot Fibonacci Calculator 2.0
User Input
Crypto Name/Ticker | ||||
---|---|---|---|---|
High Price | Low Price | Gains if Return to High | Price Difference | Percent of ATH |
Forecast
Fib | Target Price | Gains | Extensions | Description |
---|---|---|---|---|
0.236 | Retracement | |||
0.382 | ||||
0.5 | ||||
0.618 | Golden Ratio | |||
0.786 | ||||
1 | All Time High | |||
1.236 | ||||
1.382 | ||||
1.5 | ||||
1.618 | New Golden Ratio | |||
1.764 | ||||
2.618 | Breakout | |||
3.618 | Parabolic | |||
4.236 | Top of the FIB |
what is the differance between the uptrend and downtrend fib? when should i use one or the other? thanks
Hey Gauchex369,
The key difference is based on the direction of the trend. Uptrend – you draw the Fibonacci retracement from the most recent swing low to the most recent swing high. These retracement levels are then seen as potential support zones where the price might bounce before continuing its upward trend. Downtrend – you flip the approach. You draw the Fibonacci retracement from the most recent high to the most recent low. The levels are seen as potential resistance zones where the price might face selling pressure and resume it’s downward trend. Another great use of a downtrend Fibonnaci is for price targets. The retracement levels (.236, .618, 3.618 etc) can act as areas of potential support where the price might find buyers and bounce back up. Several use cases for uptrend and downtrend – you can google and learn more, watch youtube videos, etc.
Thanks!
Crypto Tuna