RE: Steemit Crypto Academy,[Season 3 Week 3] Homework Post for prof @lenonmc21 ||All about Trends, Supports and Resistances and simple chart patterns.||.
Greetings @karimjz. Thank you very much for participating in my class for season 3 (week 3), in the "SteemitCryptoAcademy ".
RATING: 6.4
Parameters | Rating |
---|---|
Presentation (Markdown Usage) | 1/2 |
Content (Topic Mastery) | 1.2/2 |
Quality of Analysis | 1.2/2 |
Spelling and Grammar | 1.2/2 |
Originality | 1/2 |
Total | 6.4 |
Remarks:
Presentation: I would have liked you to use text separators to give a better format to your post. On the other hand, some of the most important subheadings of your post are too close to the response paragraphs of your post.
Trends: You failed to detail that, with a trend we can measure the strength of a movement, also highlight that, in larger timeframes, they are the most reliable to analyze. Not only can we see in which direction the price is going, which is the most basic, there are more aspects behind what is a trend. There is no third trend, remember that when the price is sideways, it means that the price is oscillating in a range.
Trend Line: You missed details to highlight, such as the fact that trend lines also function as dynamic supports and resistances and the slope, strength and speed it has. On the other hand, the examples you used for plotting, although they could be right, the correct thing to do is to draw a general line to know the whole picture.
Supports and Resistances: You did not explain how we can see if one zone is stronger than another and how we can identify it.
Patterns: You did not explain why these patterns are formed, what is the interpretation behind their formation. Also the examples you selected as double top and double bottom patterns are poorly plotted.
My comments and/or suggestions
- Thank you very much for participating in my class. I appreciate your effort to explain each point of the assignment. Overall your work was fair, due to several important aspects that you lacked to detail.