Which cryptocurrencies have shown a historical correlation with Fibonacci extension levels?

3 answers

• Jan 14, 2022 · 3 years ago
  Certainly! Several cryptocurrencies have shown a historical correlation with Fibonacci extension levels. Some of the notable ones include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). These cryptocurrencies have exhibited price movements that align with Fibonacci extension levels, indicating a potential relationship between the two. It's important to note that historical correlations do not guarantee future performance, but they can provide insights for technical analysis and trading strategies.
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• Jan 14, 2022 · 3 years ago
  Yes, there are several cryptocurrencies that have shown a historical correlation with Fibonacci extension levels. Bitcoin (BTC) is one of the most well-known cryptocurrencies that has exhibited this correlation. Other cryptocurrencies such as Ethereum (ETH), Ripple (XRP), and Litecoin (LTC) have also demonstrated price movements that align with Fibonacci extension levels. It's always important to conduct thorough research and analysis before making any investment decisions based on historical correlations or technical indicators.
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• Jan 14, 2022 · 3 years ago
  According to historical data, some cryptocurrencies have shown a correlation with Fibonacci extension levels. Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC) are among the cryptocurrencies that have exhibited this relationship. However, it's worth noting that correlation does not imply causation, and past performance is not indicative of future results. It's always recommended to use multiple indicators and conduct comprehensive analysis before making any investment decisions in the cryptocurrency market.
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