In this opportunity we are going to talk about a very important topic for all those who operate with cryptocurrencies even we can also see other types of assets such as stock exchange shares etc although we are going to focus more on decentralized cryptocurrencies we are going to study different options that allow us to be clear about the trend and the current and future market of the same. thank you very much for watching my homework assignment.

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Price forecasting:

with this forecast we can predict the future of a currency with one of the three methods that the professor talked about in his lecture which are technical, fundamental, sentimental analysis. from here we can draw a conclusion of entry or exit of an operation looking at the past the present and analyzing the international market we can have a clear prediction of what is coming next when it comes to a specific currency.

The market is very unstable and susceptible to any event be it political, environmental, or sentimental. Therefore the trends can change in seconds but this usually correct when the market "stabilizes" in terms of digital tools that offer us these important analysis will have to take into account each of the details to avoid making mistakes in the analysis.

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The importance of the price preview:

It is very important because it allows us to operate safely if we do not use this method is like being in a dark road without a flashlight or go fishing without bait waiting for the fish to stick to the hook. operate knowing the market gives us an advantage over the entry and exit point. always buy at a lower point according to the technical analysis of Fibonacci we see it expressed in green and red candlesticks. Another importance of the price previcion is to reduce losses. when entering at the lowest point if it goes down we will place a stop at a point where the loss is not as aggressive as if we buy at a low point and goes down and we have no control of this we will be trapped until the price rises again so it is important the price previcion.

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The method that best suits my analysis is the technical method.

in this we can analyze the graphs by live time, minute, hours, days and weeks even years. to analyze a graph is very important to study the time its history and progress in the structure we can see through this the resistance that creates and supports through them to take an analysis and define a conclusion that allows us to know what will happen in the future.

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for example the technical analysis

I focus on it because it gives me detailed information and when I'm looking at when to enter and exit an operation this does not mean it has to be so at all has a slight deviation but it is almost always as we predict there very large operations of money that handle the robot or bot developed for this purpose in automatic for those large investors who wish to participate only by placing some patterns and characteristics of when they want to win or lose in the market almost always I will l 10% loss or profit.

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sentimental analysis

The sentimental analysis is closely related to climatic and political events some pandemic such as the covid-19 that affected more than one in the world resulting in movements in the stock market and even in cryptocurrencies leading many to sell for fear or terror of something worse. the combination of this analysis with technical analysis gives a clear objective and sense of trends is my way of handling it everyone does it as you see fit or you find it best. in the social networks this type of psychology is handled and it affects a lot to a currency as for example the doge was rising then they take out a coin with a dog face and take advantage of the push that this generates to raise it pompearla, and then down. catching many inexperienced that by fomo and deception buy up.

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Doge Analysis

let's analyze Doge Coin with shorter lows and higher highs we see that it has a bullish trend for it and since it recovered quite quickly with respect to the fall of the BTC we see that its trend will remain bullish let's see a little more in the analysis this graph is 4 hours indicates that it still remains bullish until I see otherwise it will remain bullish.

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Clearly we see that the purchase zone is below 0.24 cents $ at that point we clearly see some resistance and change of trend upward so I think you can go accumulating coins at that point to sell higher or if it falls a little loss is not so brutal.

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In this graph we clearly see an uptrend that if it breaks the resistance at 0.35$ will try to find the 0.45$ but if it breaks down it will fall even to reach the resistance of 0.35, 0.27 or lower at 0.15$ so the stop limit should be 0.45$ we should take profits at that point.

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more pleasant for the day 27 to 29 will see a change and try to break that maximum if it does not break it will go back down but eye does not mean a change of trend until the charts prove otherwise just say that they should take profits before falling in such a case that rises can be taken back to a point of entry a little higher in the same way would study the case.

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Conclusion

Thank you all for getting to this point of my task by means of the analysis already mentioned you can get to generate some extra money without risking a lot of money and allow to exit in favorable positions this is how we will work now onwards with higher profits few losses remember that all cryptocurrencies are volatile except stable currencies. so we have to be more careful when trading see the markets make sure everything is on our side to start trading thank you all very much for reading my post. see you in the next task.

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Cc: @stream4u

Thank you