FibonacciTrading

The Fibonacci sequence formula is widely used in autonomous systems of the financial market, which generates a possible predictability among tracking systems, causing a pre-established pattern of cycles with time and amplitude that are not always so predictable. This factor of unpredictability is caused by operations performed manually, which ends up generating instability in time and amplitude. Knowing what to observe in various time frames and which patterns to pay attention to makes it more predictable to perform manual operations by tracking this pattern, leading to greater results. However, it is a very difficult task and requires a lot of attention and concentration.

$PENGU

Many traders wonder how to accurately predict price movements—today, I’m revealing the proven method behind my successful analyses. If you apply this step-by-step approach, you’ll be able to analyze the market independently without relying on external predictions.
🔑 Key Elements of the Strategy
✔️ Recognizing Chart Patterns – Identifying formations such as descending scallops and correction phases is crucial for anticipating market behavior.
✔️ Utilizing Fibonacci Retracements – The 0.5 and 0.618 retracement levels serve as key reference points for price corrections and potential reversals.
✔️ Analyzing the 4-Hour Chart – This timeframe provides a clearer perspective on price action, eliminating market noise and enhancing prediction accuracy.
📊 Proof Through Chart Analysis – $PENGU Case Study
🔹 First Prediction:
Observed a 35% decline from $0.043 to $0.028, forming a descending scallop pattern.
Applied Fibonacci retracements, with price correcting to 0.5 or 0.618 levels, aligning with expected market behavior.
Once the correction was complete, the price followed the trend and established a new pattern.
🔹 Second Prediction:
Identified pattern support breakdown and measured a 35% decline from the starting point.
Targeted a specific price level using Fibonacci, leading to a precise prediction of the next support area.
Price reversed at $0.0173, proving the effectiveness of Fibonacci-based projections.
📈 Applying This to Other Markets
Using the same methodology, I analyzed $SPELL, which declined 38% before rebounding.
Fibonacci retracement levels (0.5 and 0.618) indicated the likely reversal zone (~$0.0013).
As expected, price surged 38% following the correction, confirming the strategy’s reliability.
📌 Essential Rules for Traders
✅ Focus on 4-hour candlestick charts to track market trends effectively.
✅ Identify key patterns such as descending scallops, breakouts, and corrections.
✅ Utilize Fibonacci retracement levels (0.5 and 0.618) to determine support and resistance zones.
✅ Observe previous percentage increases or declines, as market movements often repeat historical patterns.
This structured approach is applicable not only to $P$PENGU t also to other assets like $ACH. Check out my profile for further insights, analyses, and proof of concept!
🔹 #TradingStrategy #PENGU #CryptoAnalysis #FibonacciTrading
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