Hy Steemians welcome to week 4 lecture by @cryptokraze which provides us the main pros and cons of technical analysis the litmus paper of this lecutre is about the dynamic support and resistance with the formation of EMA (50&100). So lets elaborate them in detail.

QUESTION NO: 1

What do you understand about the Concept of Dynamic Support and Resistance? Give Chart Examples from Crypto Assets.

The support and resistance basically deals with the horizontal lines and their area wherr the trend line formation may seen. These dynamic term means that the horizontal line circulation towards support and resistance. Dynamic support and resistance can be imagine as the points where market gives you perfect bull backs and there would find the dynamic support and resistance and they means to be horizontally facing the trend line.

So the combination of dynamic support and resistance can deploys in technical analysis through which the current trend in market can be analyzed. The professor illustrated us the formation of dynamic support and resistance through EXPONENTIAL MOVING AVERAGES.

THE PRICE FORMATION OF DYNAMIC SUPPORT WITH EMA:

Lets have look a with 1 hr time frame I will be do same chart pattern and time frame which the professor leads us to make our strategy more worth full and understandable. The dynamic support manifest by (EMA), as per the concept whenever the price touches the EMA the pullback might seen and price moves upward and changing the trend, so the dynamic support might be named because its moving with price volatility momentum.

THE PRICE FORMATION OF DYNAMIC RESISTANCE WITH EMA:

Lets have look another of with 15min time frame you can see the momentum the volatility in price and moving average working how superb it places the market can and acting as dynamic resistance. The pull back might seen when the price hits and reaching the EMA a bouncing blooming if EMA seems and moving downward changing the trend though dynamic resistance named is given because its moving with price volatility momentum.

QUESTION NO: 2

2 - Make a combination of Two different EMAs other than 50 and 100 and show them on Crypto charts as Support and Resistance.

The above concept illustrated us the pure elaboration if dynamic support and resistance levels, I have discussed above also the formation involves EMA the professor asked us to define ( 50 and 100) EMA's that will help us to judge the better market cycle and opportunities and how to control the situations in bearish and bullish market.

The formation of 50 and 100 I ain't use yet but the professor discussed in his lecture that it has been giving great trading opportunities and perfect pull backs from market thus 2 separate EMA might not confuses us while using so many though better trading entries might expect commonly I used 4 EMA formation with 21 55 100 200 this also provide good formation so lets try this strategy. I will show you guys my chart where I will use ---- and ----EMA for my strategy so lets have a look.

So the above chart is the illustration of 55 and 200 EMA's you can see the bull back of market shows while at another point the bounce back or market show you can look how appropriate this EMA's work so it is good for trading strategy for begginers they cam easily and interpret the market while using strong EMA and dynamic support. The trend change positions and buy positions are defined in chart.

. Here act as dynamic resistance whilst the dynamic resistance portion is handle by EMA of 55 and 200 this so look how beautifully the market handles by this strategy. The trend change positions and sell positions are defined in chart.

QUESTION NO: 3

TRADE ENTRY CRITERIA:

Explain Trade Entry and Exit Criteria for both Buy and Sell Positions using dynamic support and resistance on any Crypto Asset using any time frame of your choice.

Entry for buy positions:

Here we will be discussing the trade entry strategy fir both buy and sell positions. The insert setting of EMA can be sett through the indicators option easily. Sett the EMA according to your strategy I had sett 50 and 100 EMA also highlight clear and definite spot lines.

✓ Sett the price above the EMA to achieve good buy zone for profitable trades.

✓ When the price hits clearly 50 EMA make the trade position the hitting should be rare and crystal clear not on wicks. Make trade after the trend follows same sequence twice yet.

✓ Clear crystal price hitting on 50 EMA gave you chance to make trade of buy position.

Entry for sell positions:

✓ Sett the price below EMA's in order to get profitable trades

✓ When the price hits the 50EMA wait same for clear touching and presence of EMA with definite pattern rather than in wicks. When price move down again first hit make the trade position.

✓ Clear crystal price hitting on 50 EMA gave you chance to make trade of sell position.

TRADE EXIT CRITERIA:

Here we will discussing the relation of trade exit position of buy and sell area while using stop loss and take profit strategy.

Exit for Buy positions:

✓ The stop loss level should be below 100 EMA. Might wrong direction can be analyzed.

✓ This stop loss is deploy because if interpretation of wrong trading strategy might occurs. Wait for next move of EMA.

✓ The RR 1:1 is used which is equal to our stop loss for minimum loss.

✓ The price reaches your take profit area book profit leave the trade.

✓ We are using technical strategy don't do panic or greedy for your trades. This will flops your analysis theory.

Exit for sell Position:

✓ The stop loss level should above100 EMA .Might wrong direction can be analyzed.

✓ This stop loss is deploy because if interpretation of wrong trading strategy might occurs. Wait for next move of EMA.

✓ The RR 1:1 is used which is equal to our stop loss for minimum loss

✓ The price reaches your take profit area book profit leave the trade.

✓ We are using technical strategy don't do panic or greedy for your trades. This will flops your analysis theory.

QUESTION NO: 4

Place 2 demo trades on crypto assets using Dynamic Support and Resistance strategy. You can use lower timeframe for these demo trades (Clear Charts and Actual Trades Needed)

Example of Trading Dynamic Support & Resistance on Crypto Assets.

The coin SXP selected because I done strong fundamental if this coin sxp so lets try this strategy to make it more crsytal and clear.SXP/USDT at 15mins time frame, the price of the asset has been to determine the dynamic support, the price comes down than the 50 EMA showed and upward trend and I placed my buy entry when the price hits the 50 EMA again. Let's see the trade details below. Buy 1.34$ amount: 12 USDT take profit : 2.5 USDT Stop Loss: 1 USDT.

stop loss level in this trade is below the 100 EMA take profit criteria is at 1:1 RR equal to stop loss.

BNB/USDT at 15mins time frame, the price of the asset has been to determine the dynamic resistance, the price comes down than the 50 EMA showed and upward trend and I placed my buy entry when the price hits the 50 EMA again. Let's see the trade details below. Sell :283$ amount: 15 USDT take profit : 260.55 USDT Stop Loss: 287 USDT.

stop loss level in this trade is below the 100 EMA take profit criteria is at 1:1 RR equal to stop loss.

CONCLUSION:

So the topic is so interesting and knowledgeable though I take One tarde order and waiting to hit the mains in sha Allah the trade will achieve its case and positions. Though in last question the technical demo trade of one coin I had taken and second I dint have enough balance but the strategy I defined instead of showing falls screen shot I done and discusses true facts becuase here I am came to understand the strategy with complete pros and cons. So my first demo trade can lead me to more trades as I am begginer of this strategy while i used to do trading with different strategies but this was my first demo live trade thats why I am also taking 1:1 RR.

So the strategy was so knowledgeable and the task was given clearly open our minds so thanks professor @cryptokraze for such a enlightened topic to clear our concepts and vision regarding crypto technical analysis.

Regards ;
@dabeerahmed