Crypto Academy week 6 season two - Homework Post For [@stream4u] - Reverse trading and coingecko

Hello everyone hope you all are fine and safe. Today i attend lecture by @stream4u sir in which i learn about the reverse trading and Coingecko. Now i am going to submit my homework post for this lecture.

Technical details on Reverse strategy?

Reverse strategy a new name given by @stream4u also i heard this first time while trading,but i have see this thing happening in Cryptocurrencies lot of times.Reverse strategy as name indicates it is reverse or opposite to the market. If market goes to bullish its reverse is bearish or vice versa. Reverse strategy helps trader to take entry or exit from any asset so that he can gain some profit or save himself form loss.Reverse strategy is a strategy when value of any coin goes longer bullish or bearish that means it's value increases continues or decreses continuously then its reverse will occur if any coin goes longer bullish we see maximum times its value decresed also when the value of any coin decreases continuously its value increase.

When ever price of any asset goes down lot of traders take position in it , i also have make position in many asset buy its price goes further down on that day. Thanks to professor who gives information about this strategy. By this strategy we have to wait for one day chart to close and look for opening price,closing price and high and low of that day and then opening price of the new day. If the price of new day opens is near or close to previous close price . we can make position in that coin , when its price reaches to its previous high we will sell our asset and take our profit.

For the continues bullish trend , the strategy is to wait for the close of the day candle and look for opening price , closing price and high and low of that asset. If the price of opening candle is lower than the previous closing price , it is time to exit from that asset.

From this you can see the price of Ethereum coin goes from 2300 dollars to its all time high 4347 it was bullish trend then we see its reverse trend and price goes to 1600 dollars.

What is Coingecko?

Coingecko is a website and mobile app used by lot of traders. Coingecko is used to get information performance of majority of coins as it has more than six thousand coins this time. Coingecko gives information regarding the price information , trading volume , price moment form past day or week. It also gives information of rank of any asset by its market cap. Its provides contract address of coins. Coingecko gives detailed information of any particular coin.

How Coingecko can be useful for you in a crypto market?

Coingecko provides lot of information about almost every coin in Cryptocurrencies so it is vary helpful for every trader as well as for me. Coingecko gives information about each and every asset in Crypto the information includes the market cap of any asset , dominance of any asset , coin ranking , list of excahges , exchange rating, amount of any Cryptocurreny in circulation , high and low of any Cryptocurrency, supply of any asset and lot of more information gives us Coingecko , i think it is information hub in Crypto world. These information gives lot of information to me and every trader regarding trading. Following are some points regarding how Coingecko can be helpful for me and other trades.

• Coingecko helps me to find the best exchange where i can start trading as every trader wants to safe his assets.

• Coingecko gave contract address of every asset which can used for buying that asset in decentralized excahge easily.

• Coingecko gaves the information like rank, high and low price and current price helps trader and me whether to take entry in that asset or not.

• Coingecko gives information is money flowing in or out of any particular asset which also helps me to wheather to take entry or exit from that asset.

• Coingecko gives protfolio option where i can put my coins and check their details easily.

There are lot of information by which Coingecko helps me in trading.

Explore Coingecko features with information?

Coingecko has lot of features among which many are explained below;

1. Explore Cryptocurrencies

When we open the Coingecko ,on the main page we found the list of more than 6 thousands coins according to their market cap as bitcoin has highest market cap its position is on the top.you can found the value of each coin in usdt , volume of that coin, market cap of that coin and you can see how price have changed for last one hour , one day, seven days and you can see the chart of each asset at the right side.

2.select currency in which you want to see the price?

If you want to see the price of any coin in other asset like Ethereum in btc you didn't have to calculator it. Just change the currency by clicking on usdt option and then select the coin in which you want to see the price.

3.Filter

On the main page you can found filter feature by clicking on that we will found three options one is All hashing algorithms, second is All platforms and third is all categories. You can see the coins of that particular category . By this feature you can arrange coins according to these three options available.

4.Portfolio

Portfolio feature is present on tha main page , this is one of good feature in Coingecko which i like most by this option you can add some coins in which you are interested into your portfolio and see their details in detail. You can see wheather the coin is loss or in gain. For this feature you have to login first. It gave information about your present available funds. You can see i have addes two coins in why portfolio .

5.Recently added

This feature gives you a information about the new coins which have recently added to the platform. These coins are launched recently so its vary important to know the new coins in market .

Categories

By this feature you can see the different types of coins having same nature in one category ans all their information like market cap, volume ,etc of that particular category.

Exchanges
On Coingecko there are more than 450 exchanges information available. By clicking on exchanges option three options will appear click on spot one. We can see the list of exchanges. We will be able to see lot of details of each Excahge like trust score , volume and coins available . the trust score has given to the particular exchange by the feedback of users who have used that exchange. By this you can easily identify which excahge is best to use and where our funds are safe.

NFT

This feature gives complete information about nft's like their market cap,volume and nft coin list according to thier market cap.

Defi
Same as nft ,defi feature gives information about the defi market its market cap , and information of defi coins.

There are some more features which are earn crypto, yield farming,etc

Weekly price Forcast for doge coin?

Basic information about the selected coin?Reason why i would like to predict the selected coin?

Doge coin who also known as meme coin have gain lot of importance in Crypto world as lot of big investers like elonmusk are promoting it many times. In past we see huge gains in this coins. This coin has not any big use case but still we see a huge gains in it. I think it has still potential to go futher because it has gain vary popularity in the market. Also big investors are holding doge. I choose this coin for the above reasons also i have made a good investment into this coin in past.

fundamental and technical analysis

We know that big investers have taken part in this coin and are showing intrest in it. Also today telsa has announced that they are holding all it's doge coins that is bullish for this coin in future. Also we know how doge coin have make himself famious in Crypto world. Also it has a backup of big investors like elonmask who in past have made tweet regarding this coin and we see its price goes to moon with that tweet. We are expecting such tweets in future which will give a hipe to this coin.

Talking about doge coin it didn't follow technical analysis that much. But still technical information is vary important. The price of doge have decresed from last few weeks . Also it brakes many supports from last weeks. This time doge has support at .30 and it bounces back from it few times in week. Also macd line crosses below the signal line we see price falls in that period now MACD line may crosses above the signal line soon we will see good uptrend. This time whole market are in dump. We are expecting good in coming days.

In my prediction value of doge will not see that much high price . in my option its possible high in next week will be 0.45 and its possible lot will be 0.25 dollars.

THANKS FOR READING.

I invite @stream4u sir check my homework task.