) and highlight why it should be on your radar. Note that we have written about several similar trading setups lately.When applying Fibonacci extensions using the 2020 low and 2021 high, we can see that SMH is currently attempting to break out above its 161% Fibonacci extension level.
Barring a major reversal of fortune, the next Fibonacci extension level could be reached sometime in the intermediate term.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
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