Using these fibs BSV retraced exactly at the overbought 4.618 level of this move. Price has found support at 2.618 around $280. Breaking this level brings in fibs 1.618 and 1.0 which are $208 and $155 respectively.
The previous ATH at ~$250 should also offer support.
Typically in a fast run like this price will bounce between the major fibs during consolidation with each fib providing support or resistance that once broke should move your targets to next important fib level.
The previous ATH at ~$250 should also offer support.
Typically in a fast run like this price will bounce between the major fibs during consolidation with each fib providing support or resistance that once broke should move your targets to next important fib level.