filipbronola

Interesting observation on COMP

Long
BINANCE:COMPBTC   COMP / Bitcoin
Comp SEEMS to be following fib levels to a T. from the early August low to the previous high, we see the price is currently retracing to the golden 0.618 level. From the Aug 11 low, to the previous high, we're retracing to the 0.786 fib. What's amazing about this is that they line up perfectly, and looking again, one can see that the price has been playing within these levels previously as well. This is an absolutely phenomenal display of fibs in action.
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