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RE: Crypto Academy Season 03 - Week 04 | Advanced Course - Trading The Dynamic Support & Resistance : Homework Post by @cryptokraze

Dear @lavanyalakshman

Thank you for participating in Steemit Crypto Academy Season 03 and making efforts to complete the homework task. You got 6/10 Grade Points according to the following Scale;

CriteriaGrade Points
Presentation Style1.5/2
Content Quality & Originality1.5/2
Understanding of Strategy2/4
Practical Approach1/2

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Key Notes:

  • Your homework presentation style is very good and I encourage you to keep following it. You can further improve it by making text alignment in justified setting.
  • Your 1st chart in which you explained dynamic support is not precise because the 1st level you marked is not correct. Price has gone significantly below the EMA for many candles and it cannot be considered a valid support level to look for buy.
    *.In question no 03, you have marked 1st buy way to early because the price was just shifting above the EMAs. We need price already moving above the EMAs like your 2nd entry which is correct. Similarly, you could have created better charts for sell entry criteria.
  • In the last question, I wanted to see if students picked this strategy. Your 1st trade is almost ok but your 2nd trade is not what I would take because the market is just in consolidation with price moving up and down the EMAs. We need price clearly above or below the EMAs before we look for a setup.
    Crypto_Academy_3.png

We appreciate your efforts in Crypto academy and look forward for your next homework tasks.

Regards
@cryptokraze

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Ok,Now I understand,what mistake I make,Need to wait until get clear indication about price movement.

Thanks for verify my entry.