Steemit Crypto AcademyWeek 2 season 2 || Homework post Submitted To Professor @stream4u| @kingworldline

Thanks my Professor for this wonderful edition of lecture, and good day to my fellow steemians.

ANSWER ONE:

what is price forecasting? Is a method or is the act of suggesting and predicting the unseen changes in the market flow (fluctuation), technically regards to price change.
Base on price forecasting lays the future of trading logically which determine the time for investment (buy) and withdraw (save) technical to suit the current trends on market, all this are done by the trader to get a clearer view on.

ANSWER TWO
Price forecasting works in two dimension either you gain through correct forecast or you loose through the wrong forecast which determines the profit and deficit of the trader in his or her daily engagement. This price forecast give a clearer view to the trader and a visual statistical arrangement of the market before making any move or decision to invest or making any withdraw.

ANSWER THREE
According to my great Professor @stream4u he classified the price forecasting into three dimension as explained below;

Technical Analysis; Here with the support and assistant of some gadgets that can keep records with graphical representation (chart) combine with the brain cell technical visual capability can serve the trader to initiate and predict the current and the future of the market price. with that technical ability a trader can strategies means to market his commodity with time in involved when to sell and buy .

Fundamental Analysis; This can actually be done through the the means of account statement and asset value and net wort, this can be determine by the frequent flow and factor up pressing or supporting the firm, slit changes in the system can affect as of the blockchain the number of investment have its share on the improvement and the collapse of the blockchain.

Sentimental analysis; In this system it was conditioned on the three basic climax when the market forecast yield positive, negative and neutral out come, due to the volatile nature and conditioning keeps it in a dynamic condition which affects the forecast with the influence of external information.

Regards to the best method of price forecasting /prediction with all explained and detailed i can now boast of TECHNICAL ANALYSIS the reason is that the best prediction is made you intellectual ability on forecasting with time independent when to invest and
when to save.

ANSWER FOUR
CRYPTO CHART This is price forecasting graph which predict what the future holds for the price in the market, the market and the traders in a day, week, in month, with the side bars and up and down transition place value of price on the market regards to the below representation
GRAPHIC REPRESENTATION OF ETHEREUM ETH/USD

DATE; march and Apriel 2021

From the month chart view it visible that is the moment to buy

From the second chart is observed that there is a decline in market price, it is espected from the traders to buy to ear income or profit.

This is for along term investment time to buy and accumulate from the market.

#cryptoforecast, #stream4u-s2week2, and #cryptoacademy