I am delighted to be able to study and do my homework for @stream4u excellent article where we can see when to enter a trade and when to exit it. we can also see the future trends of an operation this is very important when we want to gradually increase our profits in trading and not make mistakes such as buying high to sell low or get stuck in an operation for months or even years to get out of it where we are in terms of upward and downward trends do not have full control of them the market is volatile and do not know when they go up or down we can only perform a technical analysis that will give us a result more in line with reality.

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What is Price forecasting?

THE price prevention is known as price forecasting is responsible for knowing the future of an asset in this case the digital currency we can know it by implementing a method this method can be done in two parts short and long term also there are fundamental aspects as to the markets move either up or down. currently we live a bull market but in the sentimental analysis it is said that in the middle of the 2nd and 3rd quarter of 2021 may fall creating a change of uptrend to downtrend this brings as a consequence a high rate of panic in users and investors who will sell to buy lower and get profits clear for that we must perform a technical analysis and get as much information to take advantage of the moment by past history we can determine through the supports and resistances where is the strongest point and the point of resistance to enter and exit the operations.

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Discuss why price forecasting is necessary.

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We don't want to trade blindly and hope for a miracle, we want to understand the market and for this we need a strategy that works for us with relative closeness to the current market price prediction is necessary because with it we can predict a movement both up and down get fundamental parameters and entry and exit points of a trade there are two types of trading short term and long term large investors I talk about. companies (whales) seek to maintain this parameter in the long term as it generates more profits for your company the minimum are 5 to 10 years for large industries in the financial market as for small always seek short-term to get some benefit in your investment each and every one of the investors of a digital currency we are obliged to find the entry point of this currency. And not to enter at points of resistance because it could fall and we would have to wait a while to recover again the level where we entered.

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What methods are best for price prediction/forecasting?

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I would like to clarify that each method has its structure and exists to determine the future of a currency, are used by users investors to rely on a target the rise or fall in this way predict the future of this we can know if the currency down or up we have to have find all the psychological process that produce the markets in the human being would be the sentimental method but the fundamental for me is the best of all as it can know the parameters of this as are the resistances the supports the time thus determine the entry and exit points of the market at the right time and gain some liquidity in our balance sheet

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THE FUNDAMENTAL ANALYSIS

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If we look beyond the current market we can see the future, as you may wonder if the company is moving in the right way with all the right parameters everyone plays their role as it is so the market falls the company will keep the green color so investors put their trust in this company and invest in it the same happens with cryptocurrency if we see that it is performing well the coin is fulfilling all the requirements already said above in terms of its structure unwinding purpose implementation of new products or updates investors see a possible rise at any time in and invest.

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Sentimental Analysis

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Here we see that the influence of digital media affect the market creating panic or creating fomo social networks are a double edged sword for cryptocurrencies but it is for a while as they usually resume and correct again its trend. so if you want to use this method is advisable to be very aware of all social networks that this cryptocurrency uses are forums, media and news to see if there is any panic discussion at the time and take advantage of the trend change but very carefully because this method you can lose if you do not know how to handle it.

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The Technical Analysis

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It is one of those that I like the most too, this analysis is responsible by means of graphics to identify resistances supports and so you see mark a trend according to its history over time there are currently programs designed to determine this type of analysis in a very short time giving in if a very close statistics to the reality of the current market and the future trend of the currency.

Take any crypto asset chart graph and explain how to make price forecasts. Or take any crypto asset chart graph and, based on its current price, tell us what its future price will be over the next week or month. You can predict any direction up or down, but explain it correctly on the basis that you have predicted the price.

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For the following example I will take Flamingo FLM using Binance Exchange let's do a technical analysis.

Price forecasts the chart is going to look at the 4 hour candlestick.

at the moment it is clearly up when the market changes trend we can say it is down.

Source](binance.com)

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at that exact point you should buy since there are the downtrend resistances in the chart history indicates that whenever it reaches the low point of resistance it has a revote that takes it to the highest point where you should sell to take profit and leugo buy again when it goes down to the downtrend resistances.

Source](binance.com)

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clearly the bullish resistance is at the point of 1.13$ to 1.25$ at some point it is important to sell, because I will tell you that whenever the price reaches that point the currency falls. therefore if you sell at that point you can buy somewhere below quietly to wait for that point again and get profits. this point is shown by the history of the graph is fascinating. .

Source

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The day April 30 to May 1 will be decisive to see if it breaks the bullish resistance of $ 1.13 to $ 1.25 may reach its next level 1.25 and if broken will seek the levels of $ 1.46 to $ 1.56 continuing its uptrend.

Source

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Conclusion:

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The types of analysis are important for the creation of a timely and efficient forecast as we go prendiendo more and more we realize that without these analysis would be somewhat complicated to enter into an operation and we would be like in the middle of the sea without life jackets floating adrift. is of high importance to have knowledge of what is performed more than all the analysis that most work you the movement of trends the movements of international markets and their history so we know when to buy and when to sell to make profits we go by steps little bit but always with champion movements.

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Cc: @ stream4u @steemitblog @steemcurator01 @steemcurator02

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Thank you for your attention

by @laser145