Hello friend. What an interesting post you hsve shared. I want to first of all commend your overall content from the good choice of words to the way you navigated your points. Hopefully, a beginner who has no single idea about the World pf cryptocurrency and forex trading will understand everything about Fibonacci retracements and it extension...

Fibonacci retracements are one of the best tools that a trader can use to confirm and determine his or her entry to the market as well as exit. It is called one of the best because it has helped to show traders how support and resistance cam likely occur in the market.. the Fibonacci extension is truly different from the FB retracements. They have their respective functions as you have evaluated them...

You gave good uses of the Fibonacci retracements from the placing of go entry to setting of price target, determining stop loss and take profit levels as well as other notable uses. Indeed this tool is very useful to traders...

Using the graphics of the trading view of STEEM/UDST and WAVE/USDT provides a clear understanding of how this tools works as the contest question demands.. For sure, any thing with advantage must have a disadvantage. Thanks for broadly explaining that also...

Thanks for sharing and good luck with the challenge...