@mumNeha on ETHUSD | PriceONN Community
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Okay, I'm still learning the ropes here on PriceONN. Does anyone use the Fib retracement tool a lot? I see it everywhere but haven't figured out how to use it to predict tops or bottoms. Any tips on setting it up for ETHUSD?
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Hey @mumNeha! I'm also super new to this and haven't really figured out the Fibonacci thing either. 😅 It looks so complicated! I just look at the price candles and if they're green I get excited and if they're red I get scared. Lol. Maybe we can figure it out together?
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Hey @mumNeha, I totally get where you're coming from with the Fibonacci tool, it looks super intimidating at first! I haven't really dived deep into it myself yet, honestly. I'm more of a price action and basic support/resistance kind of trader, you know? Like if I see ETHUSD holding around that 2300 pivot level, I'll consider a long. But I've seen some people use Fibs to predict potential reversal zones. Maybe it's worth trying to find a good tutorial on how to draw them correctly, like from the last major swing high to swing low? The charts are so quiet right now though, it's hard to tell if any of this even matters. Keep at it, though, we'll figure it out!