Hello,
I salute all colleagues and professors in the Cryptoacademy
Special greetings to the professor @lenonmc21.

Define in your own words what is "Trend" and trend lines and what is their role in charts?

A trend is a long term movement of asset prices in a specific direction over a certain period of time

In technical analysis, understanding what trend is, and trend lines are basic things that a trader or an investor must know. This is where every experienced trader started. Learning to draw trend lines is very important because it helps to know the movement of the market.

A trend line is a line that connects two points in order to determine the entry and exit positions in a cryptocurrency market by indicating bullish and bearish movements.

To be more specific, every trend line necessitates the presence of at least two lower price levels or two higher price levels: A line is projected by two points. Trend lines are also employed, to determine if a market is trending or not, because a trend line is produced by the price's rising-low points or the price's falling-high points.

Explain how to draw an uptrend line and a downtrend line (Show a screenshot of each).

• An uptrend Line: An uptrend line is formed by connecting at least two low price levels in an upward direction over a period of time. An uptrend line simply depicts how an asset's price has risen over time.

• A downtrend line: This is a trend line formed by connecting at least two high price levels in a downward movement over a period of time. A downtrend line is simply a way to visualize how the price of an asset has declined over time.

Define in your own words what "Supports and Resistances are and how we can identify both zones (Show a screenshot of each one).(Show a screenshot of each).

Supports

Support is a price level below a coin's current price. That is where enough investors continue to buy, preventing the price from falling further. It's commonly referred to as a "floor" that a price hits during a downward trend. The price is frequently expected to bounce and rise at this point.

Resistances

The opposite of the support level is the resistance level. It can also be thought of as "the top level of a building". Here, more traders or investors are selling off their position, making an upward trend slow down or stop. We can think of it as a point at which the price stops rising.
It often happens like this, when there is upward momentum, there tend to be more buyers, because there is motivation through the price, but the moment more people are trying to sell than the buyers who are willing to buy, the momentum slows down, which often resulted in a resistance level.

Explain in your own words at least 2 simple chart patterns with screenshots.

Ascending triangle pattern

Technically looking at the chart, we'll discover that the upper trend line is horizontal (Resistance), while the lower trend line is ascending (Uptrend). As the price visualizes higher lows, this pattern shows that traders and investors who are buying are more active than the sellers. The price of the coin gradually comes closer to the upper trend line (Resistance), and the closer it price gets, the more likely a resistance breakout is.

Descending triangle pattern

Here, we can see a descending top trend line (Downtrend), and a flat-bottom trend line (Support) which simply defines the descending triangle pattern. It expresses that those who are selling the coin are more active in the market than the traders and investors who are buying. That is why the price continues to make lower highs.

Conclusion

To make use of technical analysis, knowing the trend line and how it works is very essential. This week's lecture has been a great learning opportunity. Most especially for beginners who are willing to expand their crypto knowledge into technical analysis. Here is the lecture