Hello to all my brother’s ans sisters , I hope you all are doing very well. and enjoying the steemit.
In this post , I am here to submit my homework task 3 which I have carried out as required by @stream4u, crypto professor.
i will be explaining in my own way all the basic terms stated by prof @strean4u in his presentation.
What are trend lines?
In financial markets, trend lines are diagonal lines drawn on charts. They connect specific data points, making it easier for chartists and traders to visualize price movements and identify market trends.
We can divide trend lines into two basic categories: ascending (uptrend) and descending (downtrend). As the name suggests, an uptrend line is drawn from a lower to a higher chart position. It connects two or more low points, as illustrated in the image below.
Price break out graphic
STOP LOST
This is term use to prevent so many loses when trading , let say you enter trade at point A expecting the price to rise to B and unfortunately it turns against your wish , you have to get a particular point where you stop the trade and accept your lost faith , this is very important in trading .
in my first diagram i mentioned it but le use the below to simplify things .
From the picture above , the resistance was broken and you entered a trade then it go to an apex where the price was strugling and you didnt take profit , then the price start to fall again and aother support begins form which is warning to take profit or risk , if you risk and it goes against you , you to exist trade at the first support you set , doind this will let you stop loosing .
OOPS , i enjoy todays task , i learnt a lot about technical skills required in crypto ecosystem , which can help improve my newbie trading experience and also how to manage my risk . i will keep thanking @steemcurator01,@steemcurator02,@steemitblog and all the cryptp academy profs for a worderful training oportuinity for us
Thank You
Cc:-
@steemitblog
@steemcurator01
@steemcurator02
Hi @kiyaragupta
Thank you for joining Steemit Crypto Academy and participated in the Homework Task 3.
Your Homework task 3 verification has been done by @Stream4u.
Thank You.
@stream4u
Crypto Professors : Steemit Crypto Academy
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