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RE: Crypto Academy Season 2 Week 4 – Homework Post for @kouba01 | Cryptocurrency Trading with RSI

in SteemitCryptoAcademy3 years ago

Hello @eloghosa,
Thank you for participating in the 4th Week Crypto Course in its second season and for your efforts to complete the suggested tasks, you deserve a 5/10 rating, according to the following scale:

OriginalityCompliance with topicConsistency of methodQuality of analysisClarity of structure & language
(1/2)
(1/2)
(1/2)
(0/2)
(2/2)

My review :

An article of medium content in which you tried to answer the questions asked, where you succeeded in some of them and you were not successful in others. Among the notes I'm listing for you:

The MACD periods can also be edited on the on the Index Settings of Binance App. When MACD and RSI are giving varying values then we can use MACD to filter out the false signals.

  • Relying on the MACD indicator to identify the correctness or error of the RSI indicator is done through the MACD divergence and the intersections of its lines, for example if the RSI indicator is in the seventieth areas of radiation and the MACD has its lines crossed down and the MACD's volume is down, this means that the RSI signal is sincere and that the market is a trend The trend of the currency will go down.

From the chart of STEEM/BTC above, we can see that the RSI value on the 22nd of March 2021 was at 85.68. That shows it was oversold and is a signal for traders to sell their tokens.

  • You meant overbought because the index crossed the seventy line. I think you have confusion between the two terms.

Thanks again for your effort, and we look forward to reading your next work.
Sincerely,@kouba01

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