RE: Trading with Volume Indicator - Crypto Academy / S4W2 - Homework Post for @Kouba01
Hello @chetanpadliya,
Thank you for participating in the 2nd Week Crypto Course in its 4th season and for your efforts to complete the suggested tasks, you deserve a Total|9.5/10 rating, according to the following scale:
Originality | Compliance with topic | Consistency of method | Quality of analysis | Clarity of structure & language |
---|---|---|---|---|
My review :
Great job, thanks to which you managed to get a good grade, and here are some observations.
The interpretation of the indicator was general and did not go into some detail.
Your explanation of the settings choices was good.
If the price is decreasing and volume is also decreasing then it is also considered as an upward trend. Similarly, if volume decreases with an increase in the price is indicate that the uptrend is almost over and the trend is downward.
Yes, the volume rise with the price rise (whether downward or upward) means a healthy trend and it is expected to continue, the difference of the volume from the main price trend means an expectation of a reversal of the trend or a correction.
The rest of the answers were excellent, with a slight difference in the depth of their analysis.
Thanks again for your effort, and we look forward to reading your next work.
Sincerely,@kouba01
Thank you prof for your valuable feedback.