Steemit Crypto Academy Contest / S20W6 [SUMMARY] : Trading Steem with the Ichimoku Cloud
Introduction
Hello Steemians,
Welcome to the sixth week of the "Trading STEEM with the Ichimoku Cloud" contest of the Steemit Crypto Academy, part of the Steemit Engagement Challenge (SEC) Season 20. From October 14 to October 20, 2024, we delved into the comprehensive world of the Ichimoku Cloud, offering participants the opportunity to explore this powerful technical analysis tool and enhance their trading strategies.
The Ichimoku Cloud is a versatile indicator that provides insights into support and resistance levels, trend direction, and momentum all in one glance. By mastering this tool, traders can make more informed decisions and anticipate potential market movements. This week, participants were encouraged to apply the Ichimoku Cloud to the STEEM market, analyzing its components such as Tenkan-sen, Kijun-sen, Senkou Span A and B, and the Chikou Span to develop effective trading strategies.
Our participants demonstrated impressive analytical skills and a deep understanding of the Ichimoku Cloud. Their entries reflected a strong commitment to learning and applying advanced trading concepts, embodying the core values of the Steemit Crypto Academy.
In this report, we will highlight key aspects of this week's contest, present the most innovative ideas shared by participants, and reflect on the overall quality of the submissions.
Participation Statistics
This week, we are pleased to report a total of 8 valid entries, demonstrating sustained interest and engagement within the crypto trading community. Importantly, no entries were invalid or flagged for plagiarism, which speaks to the integrity and dedication of our participants.
Here is the detailed breakdown:
| Total Number of Entries | Invalid Entries | Plagiarized Content |
|---|---|---|
| 8 | 0 | 0 |
The absence of invalid or plagiarized submissions is commendable, showcasing the participants’ commitment to producing original, high-quality content. This reflects a collective understanding of the importance of academic integrity and the need for thoughtful, well-researched submissions.
Performance Evaluation
The overall quality of the submissions was strong this week, with participants demonstrating a solid grasp of the Ichimoku Cloud and its application in trading STEEM. Here's the distribution of performance ratings:
- Excellent (25%): 2 posts delivered outstanding content, showcasing both theoretical understanding and practical application of the Ichimoku Cloud.
- Good (75%): 6 posts exhibited a solid understanding of the concepts, with clear analyses and thoughtful reflections.
- Acceptable (0%): No posts fell into this category.
- Invalid (0%): No entries were invalid or off-topic.
The entries rated Excellent stood out for their depth of analysis and the practical application of the Ichimoku Cloud in trading strategies. Participants in the Good category provided comprehensive analyses but could benefit from deeper exploration or additional insights to reach the excellent standard.
The performance distribution indicates that while the majority of participants are producing good-quality submissions, there is room for further improvement. Encouraging participants to delve deeper into the intricacies of the Ichimoku Cloud and to provide more detailed analyses will help elevate their work to the excellent level.
Top 5 Contributors
We would like to recognize the participants who delivered exceptional submissions this week. These users demonstrated technical proficiency, creativity, and innovation in their analyses. Here are the top performers:
| Ranking | Username | Article | Score |
|---|---|---|---|
| 1 | @mohammadfaisal | Link | 9.25/10 |
| 2 | @stream4u | Link | 9/10 |
| 3 | @saintkelvin17 | Link | 8.75/10 |
| 4 | @mostofajaman | Link | 8.5/10 |
| 5 | @hamzayousafzai | Link | 8.25/10 |
These participants excelled in their ability to interpret the Ichimoku Cloud and apply it effectively to the STEEM market. Notably, @mohammadfaisal achieved the highest score this week with 9.25/10, standing out for his detailed analysis and practical application of the Ichimoku Cloud in trading strategies. His submission demonstrated a high level of understanding and practical insight, serving as an excellent example for others.
We encourage all participants to review these top submissions to gain insights into how to enhance their analyses and presentations in future contests.
Conclusion
The sixth week of Season 20 has been enriching, filled with insightful analyses and significant contributions to the crypto trading community. Participants embraced the challenge of trading with the Ichimoku Cloud, demonstrating their dedication to mastering advanced trading concepts.
As we move forward, we aim to foster even greater innovation and critical thinking, encouraging participants to delve deeper into complex trading strategies and enhance the quality of their submissions.
We extend our heartfelt thanks to all participants for their efforts this week and look forward to witnessing more outstanding work in the upcoming challenges.
Stay tuned for more exciting competitions!
Thank you.
Congratulations to all. @mohammadfaisal, @saintkelvin17, @mostofajaman, @hamzayousafzai
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Thank you so much 😊
Congratulations to you too.
Thank you so much 😊😊
It was indeed a wonderful season and we hope for the best during the next season. Thank you for taking my entry as a valuable content. Congratulations to my fellow winners too.