RE: Crypto Academy Season 5 Week 6- Confluence Trading - Homework Post for @reminiscence01

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Crypto Academy Season 5 Week 6- Confluence Trading - Homework Post for @reminiscence01

in hive-108451 •  3 years ago 

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:

CriteriaRatings
Presentation / Use of Markdowns2/2
Compliance with topic1/2
Spelling and Grammar1/1
Quality of Analysis1/2
Originality1/2
#Club50501/1
Total7/10



Observations

JvFFVmatwWHRfvmtd53nmEJ94xpKydwmbSC5H5svBACH7yNLHg1EnUJaMz4m3PgvBpsxNkDLkQf1S7VVXdShedJoQPZAVqQ5CTyUyGHmx5dZnXo4owYxsXiAeYzzUPp5PdRbLz1x8e.jpeg

Please understand that the RSI is not a trend following indicator but a momentum indicator.

JvFFVmatwWHRfvmtd53nmEJ94xpKydwmbSC5H5svBACH7xqRGzyjgePpD2um3HM8ZHnQnLUyG4mqUAwYBZqkyQps2uFV3X61RjBD3BVRTPm5EgGvHc5mEAWJUmJ4gxGPg4ByLPGeaa.jpeg

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.

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Sure professor,
I will revisit the lesson and comprehend the topic with sheer focus. As for the indicators, I will study them once again.