✅ What is Fibonacci Analysis?

Fibonacci is a mathematical sequence used in technical analysis to determine potential support and resistance points during corrections.

The most commonly used key ratios:

Ratio Purpose 23.6% Weak correction 38.2% Medium correction 50.0% Classic correction 61.8% Golden and strong correction 78.6% Deep correction before reversal

✅ How to calculate Fibonacci levels

They are calculated between the highest point and the lowest point in the period (for example, 100 hours).

There is a nice tool that performs these calculations beautifully and is directly connected to Binance.