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.
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