Levels of support and resistance - this is one of the most important tools in the arsenal of any trader.
Support is a threshold below which price does not want to fall. Think of it as a floor.
Upward price action will typically approach a resistance level and then retrace to a lower level before retesting the resistance level again.
In the 13th century, Leonardo Fibonacci introduced to the world a sequence of numbers, where each successive number is the sum of the two previous ones. The ratio of any number of the sequence to the previous one is approximately equal to 1.618.
There is one more regularity: if any member of the Fibonacci series is divided not by the next number, but by the second number after this one, then we get a ratio close to 0.382.
If we take the third term of the series after the original, the ratio between them will be approximately 0.236.
Based on these dependencies, Fibonacci levels were created, with the help of which it is possible to analyze and predict the dynamics of various financial instruments.
Fibonacci levels allow the trader to determine possible correction targets, as well as strong levels of resistance and support.
The key levels are considered to be 38.2%, 50%, and 61.8% Fibonacci levels. These levels provide the greatest resistance and support for course changes.
Using Fibonacci levels, you can determine not only possible correction targets but also possible targets in case of continuation of the trend - it is 161.8%, 261.8%, and 423.6% Fibonacci levels
🏆 Signal OAX/BTC
📥 Entry limit: buy around 0.00002297
⛔️ StopLoss: 0.00001950
⭐️ Rating 3/5
⚡️ Profit goals: Short term: 0.00002600 Long-term: 0.00002800
- Chart movement looks really good
- Increased activity on the OAX platform including seminar collaborations and blockchain events
💰 What is OAX (OAX)?
OAX is a platform that seeks to eliminate the centralization of barter transactions and aims instead at decentralization, so that all transactions carried out become effective immediately. If you read this signal on other channel rather than cryptocoinrankings it means you are being fooled by scammers who copy paste our signals. The real source is always cryptocoinrankings channel. The idea of a decentralized crypto exchange platform which nonetheless keeps the benefits of a centralized model like risk assessment and a regulated dispute management system is a remarkable one, and such an exchange is bound to increase in demand in the emerging crypto world.
all you need to know today about crypto
📆MAJOR NEWS FOR 14 DEC 2018
📌CRYPTO - EVENTS
🕵️♂️ Herbalist Token (HERB) - 14 December 2018 - LBank Voting Competition
🕵️♂️ TomoChain (TOMO) - 14 December 2018 - Mainnet Launch🚀
🕵️♂️ BlackCoin (BLK) - 14 December 2018 - Initial Burn Offering
🕵️♂️ Matchpool (GUP) - 14 December 2018 - Public Chat Comment Reply
🌍NEWS AROUND THE WORLD
🕵️♂️ Dallas Crypto Startup Ordered to Repay Investors $2.7 Million on Defrauding Charges
🕵️♂️ Pantera: Most Projects in Our Portfolio Not Affected by SEC’s View of ICOs
🕵️♂️ Blockchain Token Projects Can Bypass U.S. Securities Registration Requirements, Says SEC Official
🕵️♂️ US Brokerage Giant TD Ameritrade Exploring XRP and Cryptocurrency for Retail Investors
🕵️♂️ Swiss Bitcoin ETP Sees Record Volume as Institutional Investors Buy the Dip
🕵️♂️ Ripple-Powered Payments App Launches In Korea, Major Expansion Across Southeast Asia Underway
🕵️♂️ Coinone rolls out remittances across Thailand and the Philippines with Ripple technology
🕵️♂️ Congress Members Introduce Bills to Prevent Virtual Currency Price Manipulation
💥UPCOMING NEWS, INSIDER INFO & RUMORS
🕵️♂️ Tron Founder Justin Sun Wants to ‘Rescue’ DApp Developers from Ethereum & EOS
🕵️♂️ NEO Foundation Seeking to Decentralize Four of Its Seven Nodes
🕵️♂️ Developer Creates iOS App to Send XRP with Simple Voice Commands
🕵️♂️ 0x Launches Instant, a One-Click Solution to buy ERC Tokens from dApps
🕵️♂️ PayPal Launches Blockchain-Based Innovation Reward System for Employees
🕵️♂️ TRON Releases Weekly Report, TRON Ecosystem Co-Builder Plan Will Be Launched Soon
🕵️♂️ ‘Unusually Large Miner Selling’ May Have Crashed BTC Price, Not Fundamentals
🕵️♂️ IOHK launches two new smart contract tools for Cardano blockchain
🕵️♂️ IOTA Creates a New Omega Team to Focus on Its Long-term Goals
🕵️♂️ Next Bitcoin Bull Run Matter of When – Not If, Says BTC Investor Eric Dalius
🕵️♂️ Binance CEO on XRP: ‘It Certainly Doesn’t Look Like a Security to Me’
🕵️♂️ Cardano Launches New Crypto Card, Available for Use With 33,000 Merchants
🕵️♂️ Weiss Ratings Says It’s Time to Buy Bitcoin (BTC) Now🔥
🕵️♂️ AmericanExpress signals its real-time cross-border corporate payment tests with #Ripple have been a success
🕵️♂️ Spend launches bitcoin payment wallet with Visa debit card
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