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RE: [Understanding Trends] - Crypto Academy / S5W1- Homework Post for @reminiscence01
Hello @rhyda, I’m glad you participated in the 1st week Season 5 of the Beginner’s class at the Steemit Crypto Academy. Your grades in this task are as follows:
| Criteria | Ratings |
|---|---|
| Presentation / Use of Markdowns | 2/2 |
| Compliance with topic | 2/2 |
| Spelling and Grammar | 1/1 |
| Quality of Analysis | 1.75/2 |
| Originality | 1.75/2 |
| #Club5050 | 0/1 |
| Total | 8.5/10 |
Observations:
in the bearish trend line, traders connect major peaks in a price. For a downtrend, traders look for resistance in the lower level of the market.
Bearish trends are mainly about the lower-high and the lower-low of the market chart.
This is correct. The trendline acts as a resistance level in a bearish trend.
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.
Thank you for submitting your homework task.