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RE: Steemit Crypto Academy / S4W2- Homework Post for @reminiscence01: Technical Indicators.

in SteemitCryptoAcademy3 years ago

Hello @stealthog , I’m glad you participated in the 2nd week Season 4 of the Beginner’s class at the Steemit Crypto Academy. Your grades in this task are as follows:

CriteriaRatings
Presentation / Use of Markdowns2/2
Compliance with topic2/2
Spelling and Grammar2/2
Quality of Analysis2/2
Originality1.8/2
Total9.8/10



Observations:

For example, following the law of supply and demand, some technical indicators tell us when a market is overbought or oversold, indicating either an increase in demand or supply.

That's true. This helps to know when demand is higher than supply and vice versa. A trader needs to information to predict price reversals.

Also, technical indicators have strengths and weaknesses, and these weaknesses can be curbed with the addition of other technical analysis tools to confirm trade signals

That's correct.

Recommendation / Feedback:

  • The student have completed the assignment for this lesson.
  • The student also answered all the questions in his/her own words.
  • Your overall presentation is good.

I'm impressed with your submission. You have proven your understanding of the lesson in this post. Thank you for participating in this homework task.

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