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RE: Understanding Trends - Crypto Academy / S5W1- Homework Post for @reminiscence01
Hello @culzee , 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 | 1/2 |
| Compliance with topic | 1.5/2 |
| Spelling and Grammar | 0.5/1 |
| Quality of Analysis | 1.5/2 |
| Originality | 1.5/2 |
| #Club5050 | 1/1 |
| Total | 7/10 |
Observations:
In a trending market, there may be several price fluctuations and retracements but they will not be large enough to impact the direction of the trend.
That's correct. The market moves in a zig-zag pattern but still maintain its original direction until a reversal happens.
To take advantage of a ranging market, traders can sell their crypto at resistance point and buy at support level.
While this is correct. It is also a risky way of trading as price can break out in any direction.
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 content with detailed explanation on Trends.
Thank you for participating in this homework task.