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RE: Crypto Academy Season 3 | Week 5 Homework Task Post For @kouba01 | Ichimoku Kinko Hyo Kumo Cloud Part 2..

in SteemitCryptoAcademy3 years ago

Hello @kinkyamiee,
Thank you for participating in the 5th Week Crypto Course in its third season and for your efforts to complete the suggested tasks, you deserve a 9/10 rating, according to the following scale:

OriginalityCompliance with topicConsistency of methodQuality of analysisClarity of structure & language
(1.5/2)
(2/2)
(2/2)
(1.5/2)
(2/2)

My review :

An article with excellent content in which you have provided a set of useful information to answer the questions posed, and I took some notes :

  • A good and deep explanation of the two lines of the Kumo cloud with a lack of interpretation of the cloud itself.

  • For the second question, your answers were excellent regarding the relationship of price movement momentum to the cloud as well as how to identify support and resistance levels.

However, Kumo Twist is formed because it shows an early signal that a potential trend can change in the future and it is very important that traders wait to understand the movement of the cloud so as to also understand the price trend before going into any form of trading.

  • True, this information is given to us in advance giving the trader time to act and consider taking his profits. The trader can also prepare to trade the probable range to come. By watching the twist, we will know faster than others that the trend is likely to run out of steam and we will be ready to trade the range before everyone else.

  • For your information the preferred strategy of Scalping with the Ichimoku indicator is called "Scalping Ichimoku in one minute M1", but we all know that the supports and resistances identified in the higher time frames will have a greater impact on the price trends. This is why the analysis of Ichimoku M15 and M5 is essential.

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

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Thank you very much prof. for your review.

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