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RE: Crypto Academy Season 5 Week 6- Confluence Trading - Homework Post for @reminiscence01
Hello @bilaldar113 , I’m glad you participated in the 6th 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 | 1/2 |
| Spelling and Grammar | 1/1 |
| Quality of Analysis | 1/2 |
| Originality | 1/2 |
| #Club5050 | 1/1 |
| Total | 7/10 |
Observations
Please understand that the RSI is not a trend following indicator but a momentum indicator.
You took a buy trade when the RSI is in overbought region. That shows no confluence between the EMA and the RSI
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.
- There are a lot of confusions in your explanations. You need to revisit the lesson to understand Confluence trading properly.
Thank you for participating in this homework task.
Sure professor,
I will revisit the lesson and comprehend the topic with sheer focus. As for the indicators, I will study them once again.