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Issue 80 – Cardano Fibonacci’s Explained

September 27, 2021

The Fibonacci tool is one of the most powerful tools in your technical analysis toolbox.

However, most traders overlook the significance of Fibonacci confluence to find areas where a market is likely to reverse. Think of these areas as Fibonacci retracements on steroids.

So how do you find these areas?

That’s what today’s issue is all about. I’ll show you exactly how I identified the $2.45 resistance area on the ADAUSDT chart that I posted to Twitter over the weekend.

I’ll also provide updates on BTC, ETH, DOT, SOL, and VET!

Let’s get it!

I want to keep today’s newsletter really simple because the lesson at hand is super important.

Over the last few weeks, I’ve mentioned the term Fibonacci confluence a lot. One of the most recent examples was from the ADAUSDT chart this past weekend.

I want to take a few minutes today to explain what I meant by Fibonacci confluence and how I found this area.

This is a members-only issue. Join today to get access to the full post, charts, and watch the video.

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Trading Tools & Resources

The links below are affiliate links. Meaning that at no additional cost to you, I will earn a commission if you click through and sign up.

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Justin Bennett

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About the Author

I'm Justin Bennett, a currency trader turned crypto enthusiast.

My journey started with stocks in 2002. After limited success, I transitioned to currencies in 2007, which later became a full time trading gig.

The journey continued, and in 2020, I committed to learning about cryptocurrencies. It was love at first sight.

Cryptocademy.com is the culmination of my love for cryptocurrencies, my passion for financial markets, and desire to learn and teach.

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