Draw Fibonacci retracement and extension grids to identify hidden support and resistance that may come into play during the life of a trade.

Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. They are based on Fibonacci numbers.

Symmetrical triangle consolidation suggests a potential breakout ahead. Fibonacci retracement at 0.236 ($2.468) is a key support level. Wave (iii) extension target aligns above $3.50 ...

While Fibonacci ratios are often used to identify retracements, they are also very useful in finding price targets when applied as an extension to the price trend.

BTC Faces Golden Fibonacci Hurdle at $122K, XRP Holds Support at $3 BTC bulls need to overcome the 161.8% Fib extension, the so-called golden ratio.