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Crypto · indicator signal

Fibonacci bounce up on Cardano

On Cardano the fibonacci bounce up showed up 355 times. The target came first 33% of the time, the stop 59%, and 8% 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
Daily450%50%0%
4-hour8521%67%12%
Hourly26636%57%6%

Cardano against the rest

ChartsFoundTarget firstStop firstWent nowhere
Cardano35533%59%8%
All Crypto charts10,93633%58%9%
Every market16,35735%58%8%

Year by year

YearFoundTarget firstStop first
20215437%57%
20227828%63%
20237729%66%
20245238%60%
20255939%51%
20263529%54%

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 up is

After a big rise, price pulled back to the 50 to 61.8% zone and bounced.

Imagine climbing a hill, sliding back about halfway, then catching your footing and climbing again. Fibonacci levels mark how far back price slid compared with the climb. A Fibonacci bounce up is when price slides back into the 50% to 61.8% zone and bounces.

The full fibonacci bounce up 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 up 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 up work on Cardano?

In 355 cases on Cardano, the target (1.5 × ATR) came before the stop (1 × ATR) 33% of the time and the stop came first 59%; 8% went nowhere within 12 candles.

What is the fibonacci bounce up?

After a big rise, price pulled back to the 50 to 61.8% zone and bounced.