RE: [Crypto Trading Using Zig Zag Indicator]- Crypto Academy /S6W1-Homework Post for professor @kouba01

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[Crypto Trading Using Zig Zag Indicator]- Crypto Academy /S6W1-Homework Post for professor @kouba01

in hive-108451 •  3 years ago 

Hello @blessingkasabe,
Thank you for participating in the 1st Week Crypto Course in its 6th season and for your efforts to complete the suggested tasks, you deserve a Total|9.5/10 rating, according to the following scale:

CriteriaRating
Originality1.75/ 2
Compliance with topic1.5/1.5
Consistency of method2/ 2
Quality of analysis1.75/ 2
#club50501/1
Clarity of structure and language1.5/ 1.5

My review:

Work with excellent content, because you have taken every question seriously, allowing you to get answers that are precise and in-depth in its analysis and clear in its methodology.

  • You have shown a good understanding of Zig Zag as a trading indicator and a clear explanation of how to calculate it.

  • In the second question, you gave an excellent explanation of the main settings of the Zig Zag indicator and how to configure them with the possibility of an in-depth explanation of changing the settings.

  • Regarding your third question, a good explanation of how to predict whether the trend will be bullish or bearish based on the use of the Zig Zag indicator and how the buy/sell points are identified.

  • In the fourth question, you well identified the support and resistance levels when trading with the Zig Zag indicator.

  • For the fifth question, a good understanding and analysis of the different movements of the Zig Zag and CCI indicators to indicate buy/sell signals.

  • In question 6, coupling Fibonacci and Moving Average Crossing indicators with Zig Zag improved it as an indicator and helped get rid of false signals.

We thank you again for your effort and we look forward to reading your next work.

Sincerely, @kouba01

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I am really excited to see myself improving gradually in the crypto academy. Thank you professor for your kind review. I am looking forward to participating in your next assignment.