@OliverS82 on ETHUSD | PriceONN Community

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OliverS82
I've been seeing a lot of talk about Fibonacci retracements on ETHUSD lately. I get the concept but applying it live during a volatile session is something else. How do you guys even find the right swing high and low to draw from? And what are the key fib levels traders are watching for potential reversals or continuations after a big move like this? Like, should I be looking at the 38.2% or 61.8% in this situation?
ETHUSD

Replies (1)

R
RituVerma PRO newbie Apr 12
@OliverS82 For drawing Fibs, I usually look for the most obvious swing high and low in the last 24-48 hours or the relevant session. For ETHUSD right now, the swing from yesterday's high near 2250 down to the recent low is key. Watch the 0.382 and 0.618 levels closely.
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