Percentage-retracement levels are yet another technical indicator useful in defining short- and long-term price trends in a security or sector. Percentage retracement levels are based upon the ...

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On the 4-hour chart, Dogecoin’s price structure showcases a completed wave (4) corrective sequence, which bottomed at $0.26 on Dec. 20 near the 0.618 Fibonacci retracement from the prior wave (3).

These reactions happen so often that they can be measured mathematically with Fibonacci retracement levels. The Fibonacci ...