Ripple’s RLUSD stablecoin has gained momentum in decentralized finance (DeFi), attracting significant supply to Aave’s V3 Ethereum Core market, with a notable amount in loans taken. 

Daily top performer — Sui Network (SUI)

The S&P 500 gained 1.67% on easing trade tensions and Fed reassurance, but pared gains after tariff cut hopes were downplayed. Gold fell from its $3,500 high, signaling a bearish reversal. Key support lies near $3,167, with further downside possible. The Coindesk Indices, which tracks the broader crypto market, fell 0.53%, with Bitcoin and Ether up 2.19% and 5.92%, respectively, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is SUI, up 7.3%, following OVERTAKE's partnership with Sui to build a scalable and trustless game asset trading platform.

Sui Network (SUI), founded in 2022, is a Layer 1 blockchain by Mysten Labs, built to improve web3 scalability, speed, and security. It aims to reduce smart contract latency and support innovative NFT gaming, like Sui Monstar, with a developer-friendly environment. 

, efficient game asset trading platform. Leveraging Sui’s object-centric architecture, parallel execution, zkLogin, and modular infrastructure, OVERTAKE aims to enable trustless trading, verified in-game assets, and a real, on-chain game economy.

Check out the latest prices, charts, and data of 

 has gained momentum in decentralized finance (DeFi), attracting significant supply to Aave’s V3 Ethereum Core market, with a notable amount in loans taken. Initially slow, the stablecoin's growth has accelerated after its debut on Aave. RLUSD has a market cap close to $300 million and a supply cap, with borrowing limited to a specific amount. Ripple aims for RLUSD to become a top-five stablecoin by year-end. Ripple's collaboration with Chainlink enhances RLUSD’s utility across both institutional and DeFi applications.

Yesterday, BTC spot ETFs saw $273.8M in total inflows, all from non-GBTC funds.

, with 10% of MILK’s 1B supply allocated for eligible users—mPoint holders, oolitia NFT holders, and milkINIT testers. Opt-in is required for CEX claims; wallet claims need no action. Pre-deposits close April 26, 12 PM UTC.

Beginner

2.png

Ripple’s RLUSD stablecoin gains momentum with Aave integration and growing DeFi presence

VanEck’s BNB Spot ETF proposal could bring BNB to U.S. markets, expanding access and marking a key milestone for BNB Chain's growth in regulated finance.

After the US Securities and Exchange Commission (SEC) approved spot exchange-traded fund (ETF) products based on 

 (ETH) in 2024, a flurry of new altcoin ETF applications emerged in early 2025. Many prominent asset management firms are vying for the approval of their ETF products, based on coins like 

 (AVAX) and others. Even some smaller-cap meme coins, specifically Pudgy Penguins' 

, have joined the SEC's ETF waiting list.

Given that most top cryptos already have their ETF applications filed with the country's financial regulator, it's little surprise that BNB Chain's 

, the fifth-largest cryptocurrency by market capitalization, has joined the bandwagon. In late March 2025, the New York–based global investment management giant VanEck registered a trust entity named VanEck BNB ETF in the US state of Delaware. The registration is an early sign that the acclaimed investment manager is planning to lodge a BNB ETF application with the SEC.

If approved, it will be the first US-based BNB ETF product on the market, likely leading to significant growth within BNB Chain's already well-established ecosystem.

On Mar 31, 2025, one of the leading asset managers in the world, VanEck, registered a trust named VanEck BNB ETF in the US state of Delaware. This is the strongest imaginable indicator that the company plans to subsequently launch an application with the SEC for the ETF’s approval. If approved by the regulator, the product will be the first spot ETF in the US to track BNB coin. As of the time of this writing (Apr 23, 2025), VanEck hasn't formally applied with the SEC, but this step is likely imminent.

Following the SEC filing, BNB coin will join a long list of other leading cryptocurrencies whose spot ETF applications have been lodged with the US regulator. Over the past few months, the SEC has received spot ETF applications for Solana, 

The VanEck BNB Spot ETF will track BNB coin, allowing holders to invest in the asset without directly holding it. While BNB is among the most popular assets in the crypto market, many investors are eschewing it and other cryptocurrencies due to their unregulated nature. Upon approval, the ETF product would be available for trading on regulated stock exchanges.

The exact composition of a crypto ETF product is usually unknown before its application is filed with the SEC. Therefore, we can assume that at this stage the ETF will be based entirely upon tracking BNB coin. Any additional components, such as minor holdings of other assets such as cash equivalents, could theoretically be included, but this will only be known upon VanEck’s formal application to the SEC.

VanEck itself is among the leading ETF issuers in the finance industry and is a pioneer of crypto ETFs. The firm already offers approved 

, and has filed applications with the SEC for spot ETFs based on several other cryptocurrencies, including a 

Currently, there’s no ETF in the US based on the BNB coin. In that respect, VanEck’s registration is the first serious effort to introduce such a product. Internationally, there is one exchange-traded product (ETP) that tracks BNB — the 21Shares Binance BNB ETP (ABNB), listed on the Swiss Stock Exchange. This ETP is offered by 21Shares, a leading digital asset management firm based in Zurich, Switzerland.

. ETPs may be based on various assets, such as stocks, bonds, commodities or cryptocurrencies. However, ETFs often offer better liquidity, lower fees and greater tax efficiency than other types of ETPs.

In short, despite the presence of the ABNB ETP on the market, the BNB ETF landscape remains an empty niche, as the 21Shares product isn’t a full-fledged ETF and has no regulatory approval in the US.

Current impact of BNB ETF applications on the crypto market

VanEck’s BNB ETF application — or, to be precise, its registration in Delaware — has so far had no immediate impact on the coin’s market price. In fact, BNB coin is currently trading at $615.68, barely different from its price of $600 in the early days of April when news of the ETF’s registration first surfaced.

BNB is a major cryptocurrency featuring at least one billion dollars in daily trading volumes. The news of VanEck's initiative is unlikely to seriously affect BNB’s price. However, if the ETF ultimately gains approval from the SEC, such a development may have a significant positive impact on the crypto's future price.

What will it mean if a Spot BNB ETF application is approved?

If the SEC approves the Spot BNB ETF, it will likely lead to higher demand for BNB coin — as demand from investors for the product rises, VanEck will need to source more BNB to back its ETF shares. This increased demand would push the price of BNB higher. As noted above, BNB is one of the market's largest cryptos and features substantial trading volumes. Therefore, it's unlikely that a Spot BNB ETF would cause drastic rises in the coin’s price. However, a certain positive price effect is a safe bet, and the magnitude of the effect will be directly related to the popularity of the ETF among investors.

Additionally, the ETF will improve the visibility of the BNB ecosystem, potentially leading to more 

 (DApps) and projects launched on its blockchain.

If approved by the SEC, the Spot BNB ETF by VanEck would usher in a new era for the coin. For the first time ever, BNB as a financial asset would become available through the regulated environment of US stock exchanges. This would not only help support the coin’s price and expand the chain’s ecosystem, but would also be a major reputational gain for Binance, the world’s largest crypto exchange and the corporate entity behind BNB Chain.

Over the years, Binance has had its fair share of troubles and arguments with US regulators. A fully approved spot ETF based on Binance’s own coin would, therefore, send a signal to the crypto market that the major components of the Binance ecosystem — BNB crypto, BNB Chain’s blockchain and the Binance crypto exchange — aren’t as risky to deal with as some Americans may believe.

Intermediate

bnb etf.png

BNB Spot ETF: A new gateway as BNB Chain evolves

In this article, we explore liquid staking protocol StakeStone's key features, the STO token launch, tokenomics and how to trade STO on Bybit.

StakeStone (STO) is a next-gen omnichain liquidity infrastructure protocol designed to optimize yield and cross-chain liquidity. Its introduction of liquid yield-bearing versions of ETH and BTC — STONE and STONEBTC — enables users to earn sustainable yield while enhancing capital efficiency. This article explores StakeStone’s architecture, core assets, founding team, tokenomics and recent market performance.

 is a decentralized liquidity infrastructure protocol that issues liquid, 

-bearing assets like STONE (Ethereum) and STONEBTC (Bitcoin). Designed for omnichain integration, it empowers users and protocols with composable 

 solutions and efficient cross-chain liquidity.

Launched in 2024, StakeStone was built to address the fragmented and capital-inefficient nature of ETH and BTC staking by introducing secure, flexible and modular primitives. StakeStone’s mission is to maximize on-chain yield while ensuring deep liquidity across ecosystems.

StakeStone was founded in 2023 by a team of DeFi-native builders led by Charles K, a crypto veteran with over 10 years of experience in centralized exchanges (CEXs), hardware wallets and DeFi infrastructure The core team includes Rose Li, Chief Strategy Officer, and Ivan K, Chief Marketing Officer.

The project has secured funding from notable crypto funds, including Polychain Capital, Binance Labs, OKX Ventures, Amber Group, HashKey Capital and Bankless Ventures. These backers not only provide capital but also strategic ecosystem access — positioning StakeStone as a serious player in omnichain liquidity and yield infrastructure.

StakeStone converts ETH and BTC into liquid, yield-bearing assets — STONE (ETH) and STONEBTC (respectively) — through a modular and omnichain framework. When ETH is staked, it flows into the StakeStone Vault and is allocated to the Strategy Pool, and STONE is minted via the Minter.

Yield is generated through strategies such as:

Users can deploy STONE across chains via the 

 (LP) rewards, with optional LP locking for enhanced returns. SBTC is the liquid BTC asset mirroring Bitcoin’s value, with STONEBTC adding a yield layer to BTC and unlocking passive income without sacrificing liquidity.

StakeStone implements key security measures, including the following:

STONE (ETH): Omnichain yield-bearing asset

 derivative. It’s minted when users stake ETH, and is backed by underlying yield from stETH, EigenLayer restaking and additional DeFi strategies.

STONE supports seamless cross-chain bridging, enabling deployment across supported networks and STONE-Fi Pools for additional rewards. Users benefit from passive yield, cross-chain utility, governance participation and on-demand liquidity.

SBTC is a liquid Bitcoin asset that mirrors BTC’s value and enables seamless use within EVM-compatible chains. STONEBTC, on the other hand, enhances SBTC by adding a yield layer, empowering users to earn yield from BTC-based strategies while preserving liquidity.

 utility by unlocking native BTC liquidity and enabling new use cases, such as cross-chain lending and borrowing, LP participation in BTC-based DeFi pools and composable integration across multichain DeFi protocols.

Together, SBTC and STONEBTC aim to position Bitcoin as an active capital layer across Ethereum and beyond.

 of StakeStone, with a total supply of 1 billion. It underpins protocol governance via OPAP proposals, voting-escrowed STO (veSTO) staking and 

Emissions are set to taper gradually until 2031, aligning incentives with long-term ecosystem growth.

According to CoinGecko, as of Apr 24, 2025, 

with a market cap of over $25 million. The token has recently shown strong momentum, rallying 85.4% over the past two weeks. Furthermore, StakeStone’s value could benefit from various catalysts, such as the rise in demand for 

 the STOUSDT Perpetual futures contract in the Innovation Zone, with up to 20x leverage.

 a Bybit account, complete identity verification and fund your 

 using crypto deposits or fiat currencies. 

StakeStone STO.png

StakeStone (STO): Cross-chain liquid staking protocol

The MANTRA (OM) token’s wild crash on Apr 13, 2025, shocked the crypto world. Discover the causes, fallout, and what’s next in MANTRA’s road to recovery.

In the morning and daytime hours of Apr 13, 2025, the MANTRA blockchain's native token, OM, sat at a respectable market cap of $6 billion, making it the third-highest-ranked cryptocurrency in the 

 (RWA) category, the area the platform specializes in. Everything seemed like smooth sailing for the token.

Then, just after 6 PM UTC, the price of the OM token suddenly began to free-fall, declining from nearly $6 to about $0.50 in the space of just two hours.

A project that started the day as one of the top players in the RWA field was now worth 90% less as the evening approached. OM's abrupt, sharp crash immediately caught the market's attention, with speculation of a 

However, MANTRA's CEO, John Patrick Mullin, immediately sprang into action for PR damage control on social media, reassuring the public that the team members weren’t dumping OM tokens at all. Instead, MANTRA's founder and CEO alleged that deliberate actions of some 

 (CEXs) had caused the catastrophic plunge.

As of our coverage date of Apr 23, 2025, this is a developing story. In this article, we’ll establish what actually happened, who's involved and what awaits the OM token in the foreseeable future.

 decentralized network dedicated to RWA tokenization and utilization in compliance with real-world regulatory requirements.

 It features high scalability and low transaction fees. The project is one of the earliest initiatives dedicated to RWA use via blockchain technology. Originally, MANTRA debuted as a 

 (ETH) in August 2020. In October 2024, the project migrated to its own dedicated Layer 1 platform, the MANTRA Chain. The MANTRA blockchain is based on the Cosmos SDK framework, and is part of the wider 

The MANTRA ecosystem's main products include MANTRA DEX, a 

 (DEX); a digital identity (DID) management tool; a compliant token development and management solution; and a comprehensive compliance and permissioning system. MANTRA has also partnered with global powerhouses like Google Cloud, and with DAMAC Properties, one of Dubai's most prominent developers, to propel innovative solutions for 

Starting in late 2024, right after its own dedicated mainnet launch, MANTRA had become a significant player in the RWA corner of 

 (DeFi). By late February 2025, the platform’s native OM token had climbed to a value of nearly $9, with its market cap peaking at around $8.2 billion. Before the fateful events of Apr 13, 2025, OM was the third-highest-capped crypto in the RWA category, trading at $6.27, with a market cap of slightly over $6 billion, according to the CoinGecko portal.

In the evening hours (UTC time) of Apr 13, 2025, OM began to lose its value precipitously, dive-bombing from over $6 to about $0.52 in the space of two hours. The token’s market cap fell to slightly under half a billion dollars — a loss of more than 90%.

CEO John Mullin was quickly online, reassuring the crypto community that no team member had sold their OM holdings, and that this wasn’t a case of the bad ol’ rug pull. Instead, Mullin alluded that after OM tokens were moved to two leading CEXs (Binance and OKX) to use as collateral, the exchanges initiated a cascade of 

 of positions backed by the token. Both exchanges refuted the allegations, and connected OM’s price collapse to its recent unusually high price 

, and significant tokenomics changes made to OM in October 2024 that greatly undermined its value.

As a chain of liquidations took place, the token’s price started to plummet, causing significant panic that quickly led to further price drops. The situation only stabilized closer to the end of the day, with OM’s price remaining under $1. As of Apr 23, it’s trading at $0.5543 — a far cry from its rate of over $6 just two weeks ago.

After investigating, crypto analytics firm Lookonchain concluded that 17 wallets had deposited 43.6 million OM tokens (4.5% of the token's circulating supply) into the implicated exchanges. Two of these wallets are believed to belong to Laser Digital, one of MANTRA's investors. Another investor in the project, Shorooq Partners, is also suspected to be among the 17 wallets. Both Shorooq and Laser Digital have denied the allegations.

Although the price plunge was immediately compared to the 2022 collapse of the 

 (LUNA) blockchain, many analysts point out that the two crashes are fundamentally different. Terra's crash resulted from structural abnormalities in the 

 regulating UST, the project's stablecoin. In contrast, OM's fiasco is suspected to be the direct result of market-driven manipulation by 

, and possibly exchanges. No security breach, disruption to services or data, or other adverse structural events have occurred on the platform.

While this development is unprecedented for the project, MANTRA has been embroiled in other controversies throughout its history. One of these was its 

, first announced in August 2024 and then delayed multiple times. Around 50% of the wallets believed to be bots were cut off from the airdrop list. However, many considered the bot-culling process to have been conducted without much proof.

There have also been reports of vote rigging in the project's governance system in a bid to obscure MANTRA’s centralized model of profit allocation. Additionally, some analysts have accused the project of "forced bridging" to manipulate the market price. Platform users had to migrate their Ethereum-based OM tokens to MANTRA's native OM tokens via 

, which would increase gas fees and allow the project team to control the token's circulation pace.

How is MANTRA (OM) headed toward recovery?

MANTRA’s CEO rapidly reassured users that the team is now working hard to jump-start the token’s recovery. On Apr 14, 2025, Mullin unveiled plans to initiate a buyback scheme, along with the intent to burn all OM tokens held by the project team. The team's supply totals 300 million tokens, representing about 17% of the total supply.

He also denied factually incorrect assertions circulating online that the team effectively controls 90% of OM's supply. Mullin further assured the public that no large-scale selling events by investors have occurred.

As OM’s value has stayed firmly under $1, it remains to be seen how these PR efforts — as well as the planned buyback and burn — will affect the token’s future.

 as a swap pair with USDT, or on the Derivatives market as the 

Naturally, given the ongoing situation with the OM token, buying OM is at your own discretion, as right now the token is truly for the adventurous and brave at heart.

As of Apr 23, 2025, the OM token is trading at $0.5543, 93.8% lower than its ATH of $8.99 on Feb 23, 2025, and 3,138.8% higher than its ATL of $0.01726 on Oct 12, 2023.

Curiously, most crypto price prediction portals are optimistic about the OM token's long-term prospects. DigitalCoinPrice 

 of $1.81 in 2027 and $2.82 in 2030, whilePricePrediction 

It's hard to verify all the allegations flying around regarding the involvement of exchanges and key investors in the MANTRA OM incident. What matters at this stage is that the project team has been quick and proactive in injecting transparency and clarity into the situation.

The free fall in the token's price seems to be over by now. In fact, OM’s decline was over within hours of the incident. Moreover, unlike Terra's LUNA and UST coins, OM hasn't become worthless. All these factors point to potential stabilization and recovery ahead. The question now is: Will the pace and magnitude of the recovery be enough to save the project in the long term? At this early stage after the collapse, few people could answer the question with confidence. We'll eagerly await the developments over the next few weeks to see if MANTRA finds its way out of the woods. 

mantra om crypto.png

MANTRA (OM): Understanding its wild ride and road to recovery

Indicators

Trading

Fibonacci extensions are horizontal lines drawn on a price chart to indicate potential price levels where a trend may target or reverse.

fibonacci-extension.png

fibonacci-extension-overlap.png

how-to-draw-fib-extension.png

fibonacci-extension-downtrend.png

fibonacci-extension-bull-trend.png

fibonacci-extension-bear-trend.png

 to achieve better forecasts, resulting in consistent trading gains. They are a powerful tool that can help you identify price targets, 

, and potential market reversals. Below, we’ll look at what they are, what they indicate, how to draw them, and how Fibonacci extensions and Fibonacci retracements compare to each other.

 These levels are calculated by applying Fibonacci ratios (typically 0.618, 1.000, 1.272, 1.618 and 2.618) to a significant price swing or trend. Traders use these extensions to identify areas of support and resistance when deciding to take profit or make a reversal trade.

While the choice of Fibonacci extension levels ultimately depends on the trader's strategy and risk tolerance, certain levels have proven to be more reliable. The most commonly used Fibonacci extension levels include 0.618 (61.8%), 1.000 (100%) and 1.618 (161.8%), with 0.618 often regarded as a strong support or resistance level. According to 

, 1.000 is a common target for corrective wave patterns, and 1.618 is also called the “golden ratio,” viewed as a potential target for price extensions.

Determining the best time frame in which to trade Fibonacci levels largely depends on the trader's style and preferences. Fibonacci extension levels can be applied to any chart time frame, be it short-term intraday charts or longer-term daily or weekly charts. Shorter time frames, such as 15-minute or hourly charts, are preferred by day traders aiming for quick profits, while swing traders and investors often focus on daily or weekly charts to identify larger price targets and trends.

A trader who correctly applies the Fibonacci extension tool to significant price swings is armed with potential reversal points. This is a huge benefit for traders looking to exit the current trend or enter a trade on the next trend change.

Fibonacci extensions on a price chart reveal critical levels that indicate where a price move might extend to or encounter a rejection. These levels are calculated by multiplying the length of a previous price move by Fibonacci ratios, such as 0.618, 1.000, 1.272, 1.618 and 2.618. Traders use the levels to identify potential support and resistance and to set profit targets.

One of the primary insights Fibonacci extensions provide is the identification of price projections and profit targets. The levels obtained enable traders to anticipate where a price trend may potentially halt or encounter resistance, allowing them to plan their trades accordingly. For those already in the trade, these key price zones offer profit levels to consider closing the trade. For traders not in a position, these potential reversal zones may offer them the opportunity to place a reversal trade.

Traders skilled in technical analysis and Fibonacci extensions will seek out overlap and confluence of key levels on different chart time frames. When this overlap of price levels appears, it signals harmony within the various waves, increasing the potential for a reversal.

Additionally, when you stretch Fibonacci extension levels to the historic price action on the chart, you’ll find that other support and resistance levels may line up in the same price zone. This too is a stronger signal that the support and resistance level is likely to hold, at least initially.

A Fibonacci extension comes from the numbers in the Fibonacci sequence. If you’re unfamiliar, the Fibonacci sequence is:

0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377 …

The next number is always the sum of the two preceding numbers, and continues without a limit. Important Fibonacci ratios are determined from this number string.

For example, let’s focus on the number 144. When you divide 144 by the number to the right of it (233), you get 0.618, or 61.8%. When you divide 144 by the number to the left (89), you get 1.618, or 161.8%.

The 1.618 ratio is considered a golden ratio for reasons beyond the scope of this article. This golden ratio is found abundantly in the natural world. As a result, it’s been applied to markets, and traders use Fibonacci to help manage their trades.

If we continue to compare 144 by two numbers to the left (55), we get 2.618, or 261.8%. In theory, you can apply this little math equation to any number in the sequence and the ratios will approach 61.8%, 161.8% and 261.8%.

Another common number is used with the extension tool at 100%. This is conceived when you compare the numbers at the beginning of the sequence (1 and 1). When you divide 1 by the number to its left (1), you get 100%.

The Fibonacci extension tool is a 3-click-tool on your charts. Here is a simple process to draw it.

Find and activate the Fibonacci Extension drawing tool in your charts. If you don’t see it initially, it might be named Fib Extension or Trend-Based Fib Extension, or it might even be mislabeled as Fib Expansion. Please note that some charts may offer the tool as a 4-click drawing, and that’s okay, too.

If the market is in an uptrend, find a swing low to start the drawing as your first click.

Then, find the next swing high in price and click again for your second click. Essentially, Fibonacci extensions measure the length of the trend between the first and second clicks.

Third, find the next swing low after the second click. This swing low should be above the swing low used for the first click. Effectively, this swing low is a retracement of the previous rally, and is lower than the swing high. Place your third click at this swing low.

At this time, the Fibonacci levels will appear as horizontal lines on your chart.

In the Bitcoin example above from 2018–19, notice how 

 stalls and hesitates near several of the Fibonacci levels (0.618, 1.618, 2.618 and 4.236).

The Fibonacci tool is also used in downtrends, using the same principles to project how deep a correction might travel.

 begins to decline in early 2022 after reaching an all-time high in 2021. Then, after a brief rally, Ethereum begins to correct even further.

After applying the Fibonacci extension tool to the decline, the 2022 price low appears at the 1.618 Fibonacci level. From the June 2022 low, Ethereum rallies nearly 100%, and the Fibonacci extension tool helps identify a support level where the correction will end.

How to Use Fibonacci Extensions to Trade Crypto

The primary use of the Fibonacci extension tool in crypto is to estimate the target price for the end of a trend.

Here are two trading strategies for how a trader might use this information.

#1: Estimate the End of a Bullish Trend to Exit a Long Trade

The first trading strategy applies when a trader is 

, and needs to know when to exit the trade.

 Fibonacci extensions can help many traders determine potential turning points.

In Mar 2022, Ethereum is rallying hard. After pausing briefly, its price continues higher, reaching the 100% level. Then, Ethereum carves a 

, one of the many candlestick patterns traders follow. Since a hanging man is a bearish pattern that forms near significant resistance at the top of a bullish trend, it suggests the market will reverse soon. The next day, Ethereum begins a decline of nearly 50%.

#2: Estimate the End of a Bearish Trend to Open a Long Trade

 in crypto can become … well, unbearable. The second trading strategy is to use the Fibonacci tool by estimating potential support to see where the correction might end. This offers traders a chance to buy into the crypto market at a cheaper price.

When drawing the Fib extension, notice how the price pauses at the 61.8% level, then eventually corrects further to the 100% extension. As tails form out of the downside of the candlesticks, it indicates the market is respecting this Fibonacci extension level. As a result, the trader can begin to formulate the trading strategy to enter in preparation for an uptrend.

In this case, once the 100% extension is reached, Ethereum rallies about 15% in just over a week.

Fibonacci Extensions vs. Fibonacci Retracements

The concepts of Fibonacci extensions and Fibonacci retracements are built around the same Fibonacci sequence. However, how you draw the tools and what information you glean from them differ.

For example, the extension tool is a 3-click tool that measures how far the trend wave is likely to travel. As a result, it requires three points to measure out the first wave, and then project it onto the next wave.

On the other hand, the Fibonacci retracement tool is used simply to see how far the countertrend wave will travel, based on the length of the original wave. Therefore, the Fibonacci retracement tool only needs two points to measure the length of the trend wave effectively.

Lastly, the most common Fibonacci levels for each tool are different. Extension levels generally fall at 100% or greater, while Fibonacci retracement levels are less than 100%

Advantages and Limitations of Fibonacci Extensions

Fibonacci extensions offer traders a valuable tool for chart analysis, aiding in identifying price targets and potential resistance zones. However, it’s vital to understand both the advantages and limitations of utilizing these extensions in order to make informed trading decisions.

: Fibonacci extensions help many traders identify potential price targets, allowing for more precise profit-taking and trade planning.

: Fibonacci extensions can be applied to any market and/or time frame, making them versatile tools for traders across different asset classes.

:Different Fibonacci extension levels can overlap or cluster around the same price area. This cluster or overlap typically leads to a price reversal, providing traders with a clue to exit trades or possibly enter a reversal trade.

: Choosing the appropriate price swing to which to apply extensions requires some practice. Traders of different skill levels may select slightly different swings, potentially leading to variations in where the extension levels land.

: While Fibonacci extensions provide valuable insights, they’re more effective when combined with other technical indicators or chart patterns to form a comprehensive trading strategy.

Ineffective in Trendless or Choppy Markets

:Fibonacci extensions work best in trending markets, and can be less effective in 

 or choppy market conditions where price swings are less prominent.

By leveraging the Fibonacci extension, traders can gain valuable insights into price projections, support and resistance areas, and potential reversal zones. While the fib extension tool has its limitations, when used in a trending market it can be applied to a variety of chart time frames, making it a favorite tool among traders.

How to Use Fibonacci Extensions for Consistent Trading Gains

Compete for 2,500 USDT Every Week

Earn Points by Completing Tasks

Event Rules

Register now and get 10 points

Write/Reply Comments (0/5)

Publish an Article (0/5)

Share an Article on Social Media (0/5)

Like an Article (0/5)

Read an Article (0/5)

Weekly Leaderboard