Crypto Academy Week 14 | homework post for @stream4u | Reverse strategy | by @loveth01.

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TECHNICAL DETAILS ON REVERSE STRATEGY

As I am concerned and as I have understood the concept of Reserve strategy, I’ll define it as a method used by the crypto asset to change from a bullish (price falling) and increases constantly from the junction of the highest bullish. It also can be understood to be a strategy in which when a price of a cryptocurrency asset enters the highest value (bearish), its price suddenly changes and its value will start to decrease.
If a person notices such in a chart, he needs to be very careful and be make sure he doesn’t rush in to trading in such a situation otherwise he may and can lose all his money.
This strategy can be spotted and noticed right from when the price of a crypto asset start fluctuating, when a coin shows this kind of thing in its chart, trading in such a time is highly risky and one of the best things for a trader to do as at when something of such is noticed is to simply stop trading at those times and keep observing how the chart will later move before considering trading at that time.
Look at the chart below

The different points on the chart where a reverse strategy took place were shown and indicated by A, B and C.
At point A, the crypto asset changed from bullish and its price increases on to a certain point until it reached point B where its price became stable for some time until its value dropped.
At point c, it can be seen that the chart was coming as bullish but immediately it entered point C, the price rises and its value decrease at a point just away from the point D.
Immediately the coin entered block D, it changes its mode from being bullish to bearish, even at that the price was still fluctuating and trading at that time should be given a careful thought.

REVIEW ON COINGECKO

Coingecko was founded by TM lee and Bobby Ong in April 2014 and it was created with a mission of democratizing access to cryptocurrencies data and also equipping users to know more about a coin and how the market is. Coingecko has a record of 6,000 different crypto assets that are tracked on their network from more than 400 exchanges worldwide. This is a very short info on CoinGecko and some of the projects that have been launched by the platform;

1 . It was first set in motion in April, 2014
2 . It launched its quarterly cryptocurrency report in October 2017
3 . In April 2018, the platform launched its daily newsletter which enables users to see curated crypto news
4 . It launched free API in May 2018, with available API of endpoints of over 20.
5 . In July 2018, the platform launched their first official iOS AND Android app.
6 . In May 2019, the platform took a bold step and launched TRUST SCORE which will enable the platform to combat and check on fake exchange volume data.
7 . On October 2019, the platform launched their Derivatives section
8 . On January 2020, the platform’s podcast was launched
9 . On march 2020, the platform was the first to launch Defi book and Earn section
10 . On June 2020, the platform launched CoinGecko candy which will be rewarded for users that use CoinGecko.
11 . On August 2020, portfolio was launched by the platform.
12 . On September 2021, the platform launched pages which contain DeFi and Yield Farming
13 . coinGecko has more than 200,000,000+ monthly page views on their platform
14 . it has more than 10,000,000+ average monthly users
15 . The platform has more than 1,000,000 total apps download by their users and the app has an average rating of 4.8
16 . the platform has more than 10,000,000,000+ monthly API calls
17 . The platform is an independent, a neutral and an unbiased crypto price chart platform.

HOW COINGECKO CAN BE HELPFUL IN THE CRYPTO MARKET

1 . It enables crypto traders to know the amount a crypto asset is traded in USD and even in other world currencies value.
2 . It enables crypto investors to know and be updated on the price of a crypto asset so that they’ll be up to date in the current prices.
3 . It shows how a crypto asset is rising or falling in the crypto market.
4 . It also shows penny cryptocurrencies which enables prospective investor to have more information about those pennies.

FEATURES OF COINGECKO

1 . It shows almost all the available crypto assets in the crypto market

2 . It shows penny cryptocurrencies, look at the chart below: eg number 15, 18, 19

3 . The platform shows top crypto assets exchanges all over the world, look at chart below:

4 . The platform shows top NFTs market capitalization in the world, see the chart below

5 . The platform shows total volume of crypto assets for the last 24hours

WEEKLY PRICE FORECAST OF SAFEMOON

Safemoon is one of the most recently viewed cryptocurrency in the crypto market.

As at 19th May 2021, 22:59 GMT as viewd on marketcap.com, it has ;

✓ A circulating supply of 585,536.37BN Safemoon
✓ It has a marketcap of $3,360,359,320
✓ It has a 24hr volume of $50,596,171
✓ It has $0.000005678 value as compared to USD

WHY SAFEMOON?

In the last 30days it has gained an increase in percentage of about 103.6% and in the last 7 days it has witnessed a fall of about -51.7%. So with this information, it could be seen that the value of safemoon has been on a decrease, even though the decrease in value does not affect only safemoon but crypto market generally are witnessing that.

The market isn’t stable for now but I predict an increase of +0.058 in its current price based on the available information on the coin and even the volatility of the crypto market.

Price analyses of safemoon

It’s all time high was in May reaching an highest value of $0.00001094 per USD
Its all time low was in Mar with a value of $0.00000004 per USD

See it's chart below:

In conclusion,

Reverse strategy is just the opposite of what you know before so don't be confused.

Thanks to professor @stream4u this is my homework post.