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RE: Technical Indicators - Crypto Academy / Season 4 Week 2 - Homework Post for @reminiscence01
Hello @ebiis , I’m glad you participated in the 2nd week Season 4 of the Beginner’s class at the Steemit Crypto Academy. Your grades in this task are as follows:
Criteria | Ratings |
---|---|
Presentation / Use of Markdowns | 1.5/2 |
Compliance with topic | 2/2 |
Spelling and Grammar | 1.5/2 |
Quality of Analysis | 2/2 |
Originality | 1.5/2 |
Total | 8.5/10 |
Observations:
When trading volume is high, the trend is said to be strong, while a lower volume indicates a weaker trend.
Identifying the trend is one of the functions of volume indicator. But this depends on the confluence with price action.
Technical indicators are meant to be used in conjunction with other technical analysis tools.
That's correct. Using indicators are confirmation tool increases the effective ness of your technical analysis. Thus minimizing losses and fake signals.
Recommendation / Feedback:
- The student have completed the assignment for this lesson.
- The student also answered all the questions in his/her own words.
- Your overall presentation is good.
- You have produced a quality post and have provided a detailed explanation of technical indicators.
Thank you for participating in this homework task.