Hello Fellows, I am very happy to write my homework for this week and also using this opportunity to say a very big thank you to prof @stream4u for this wonderful lecture this week.

QUESTION NO 1:

Discussed as per your understanding on Reverse Strategy with some graph examples. (Title For this topic will be Technical Details On Reverse Strategy)?

Technical Details On Reverse Strategy

The first point to note when hearing the term "reverse strategy" is that it refers to a pattern that has been changed in the long run as when the direction of a price trend changes from up to down, or vice versa, it is called a reversal. Traders try to get out of trend-following positions before a reversal occurs, or they will get out once the reversal has begun.

What is Reverse Strategy and how does it work?

Whenever a crypto market seems to be in a sustained bullish or bearish trend, it is important for traders to exercise patience in order to be confident of the situation and potential reversal. Further, as a market becomes highly bearish, it indicates that a buy position may be opened earlier, and most traders will rush in to create a purchase. Nevertheless, the price of the actual commodity will become much more bearish, delaying a trader's investment strategy.

The chart depicts an uptrend that follows a channel, with higher highs and lower lows overall. The price initially breaks out of the channel and falls below the trendline, indicating a possible trend change. The price then drops below the previous low within the channel, making a lower low as well. This adds to the evidence of a downward trend reversal.
The price then goes lower, allowing lower lows and lower peaks. A turnaround to the upside won't arise until the market allows a higher high and higher low. However, a break above the descending trend-line could signal a reversal.

QUESTION NO 2:

Discussed the COINGECKO and explore it well. (Title for this topic will be Review Of COINGECKO and below points need to explain).

Review Of COINGECKO

In this section of the assignment, I'll recommend describing what CoinGecko is, why it's relevant for users to understand the cryptocurrency sector in general, and the features of interest.

1. What Is A COINGECKO?

We can say that coinGecko is a cryptocurrency data portal that offers digital currency pricing and fundamental research. CoinGecko is a data and pricing portal for digital currencies. It allows users to measure and rate their coins quantitatively. CoinGecko is a Singapore-based startup established by TM Lee and Bobby Ong in 2014.
CoinGecko is a database and mobile app that collects details on the success of the vast majority of cryptocurrencies. CoinGecko shows pricing statistics, trading rate, and price variations across time scales ranging from one hour to one week, or as far back as the usable data would enable, using real-time data feeds. In addition, crypto assets are listed according to their market capitalization, with the maximum ranking first.

The screenshot above reveals that Coingecko has estimated that there are currently 7451 coins in circulation and 474 exchanges.

2. How COINGECKO Can Be Helpful for you in a Crypto Market?

Examines the crypto industry:

CoinGecko examines the crypto industry from a fundamental standpoint.
Monitors group growth:

CoinGecko monitors group growth, open-source technology creation, significant incidents, and on-chain metrics in addition to price, value, and market capitalization.

Observe the volumes :

On CoinGecko, users can conveniently see the volumes of each cryptocurrencies in the economy, as well as statistical maps over time that display the market behaviour of an asset over time.

3. Explore COINGECKO features with information.

Categorizations

You may choose categories from the coingecko.com/ landing page, and the aim of divisions is to filter cryptocurrencies by category. Exchange-based tokens, Decentralized Finance, Centralized Exchange Token, Binance smart chain network, Automated Market Maker, and so on are some of the types available on the chart. Top coins in each segment with market capitalization, 24h volume, ranking by market capitalization, and price behaviour over the last 7 days are available for each token group. Have a look at the images below.

Exchange-based tokens have a market capitalization of $100,037,745,186 and a 24-hour value of $$210,537,342,599, as seen throughout the category.

Exchanges option in coingecko:

I've chosen Spot in the exchange choice, and we have Binance on the first number. Each exchange also has a Trust ranking, as well as other details such as market capitalization, price, and so on. Below are few screenshots.

Coins:

I choosed recently added coins.

Developer

Developer is just another function of CoinGecko that displays recent benefits offered by developers in an effort to make significant changes to the project and improve it through recent events. On the CoinGecko website, the developer function was accessible via the Top 100 Trading Volume alternative.

Cryptocurrency price by Market Cap.

Cryptocurrency prices may be sorted by market capitalization, which displays the rank of each cryptocurrency, as well as its value, market capitalization, and trade volume.

Currency Preferences

Through choosing a currency from the drop-down menu, you can quickly read each crypto's price in the new currency you've picked. The measures are mentioned below.

QUESTION NO 3:

Weekly Price Forecast For Crypto Coin: TRX/USDT pair.

Why I choosed TRX?

TRX's price responded to this large tech takeover as well, but as is typical of TRON, it seems that rumours of positive news about the project had a greater effect on TRX's price. The price of TRX hit its second-highest rate, only less than its all-time peak at the beginning of 2018, a few months before the deal became official, but during the rumours. TRX had recently reached a peak of $0.17, but reports of the BitTorrent takeover pushed it up to $0.09, after it had fallen to $0.02.

TRX/USDT Pair Technical Analysis

I've selected technical research to examine the pricing behaviour of the TRX/USDT pair and forecast its price (high and low points) during the next week. In this report, I'll look at the previous days/weeks' supports and opposition to see whether they forced a pattern turnaround. This approach I'm using today will incorporate the latest topic I learned today to see intense bullish/bearish market behaviour of the commodity, to see points where reversal patterns occurred, and to draw out my support/resistance to forecast the price of TRX/USDT in the coming week.

Looking at the price of TRX over time, at the price of 0.13919 USDT, a resistance converted into a support, and this allows a strong case to set one's point of take benefit. As a result, purchasing the commodity below that price at a strong support level renders 0.13919 a decent take benefit level.

Now, in the coming week, there may be a pattern turnaround at the support level of 0.09998 USDT at worst, allowing for a strong buy spot and setting the next high, 0.13919 USDT, as the first benefit level, with the possibility of another market breakout reaching 0.16999 USDT.

The next low is expected to be 0.09998 USDT in the next week.
0.13919 USDT is the next big.
Also, a breakout at 0.13919 USDT could lead to 0.16999 USDT.

Conclusion.

It was determined that the term "reverse strategy" applies to a phenomenon that has evolved over time, such as whether the direction of a market cycle shifts from up to down, or vice versa. CoinGecko, on the other hand, is a cryptocurrency data hub that provides digital currency pricing and fundamental analysis. CoinGecko is a digital currency data and pricing portal. It helps users to quantitatively calculate and score their coins. Professor @stream4u, thank you for a fantastic lesson