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Crypto · indicator signal

Fibonacci bounce down on Cardano

On Cardano the fibonacci bounce down showed up 475 times. The target came first 36% of the time, the stop 53%, and 11% went nowhere within 12 candles.

Counted on Cardano (ADA/USDT): daily candles from January 2021, 4-hour candles from January 2021 and hourly candles from January 2021.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1533%67%0%
4-hour10247%41%12%
Hourly35833%56%11%

Cardano against the rest

ChartsFoundTarget firstStop firstWent nowhere
Cardano47536%53%11%
All Crypto charts11,96733%57%10%
Every market17,93635%57%8%

Year by year

YearFoundTarget firstStop first
20218034%46%
20227831%58%
20235231%62%
202410844%44%
20258533%62%
20267239%53%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the fibonacci bounce down is

After a big fall, price rallied back to the 50 to 61.8% zone and turned down.

Imagine falling down a slide, climbing back up about halfway, then slipping down again. Fibonacci levels mark how far price climbed back compared with the fall. A Fibonacci bounce down is when price rallies back into the 50% to 61.8% zone and turns down.

The full fibonacci bounce down lesson, video and quiz ›

Other patterns on Cardano

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Volume profile rejection · Volume profile bounce · Doji · MACD bullish cross · MACD bearish cross · EMA 9/21 bearish cross · all of them

The fibonacci bounce down elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Polkadot · Aave · Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY

Questions

How often does the fibonacci bounce down work on Cardano?

In 475 cases on Cardano, the target (1.5 × ATR) came before the stop (1 × ATR) 36% of the time and the stop came first 53%; 11% went nowhere within 12 candles.

What is the fibonacci bounce down?

After a big fall, price rallied back to the 50 to 61.8% zone and turned down.