Hello Everyone!

This is Sami Zuberi , hope you all are well. I am exceptionally hope set aside a few minutes for perusing my homework post for @stream4u and valued it. Here i am going to impart my views on price forecasting. So how about we begin.

Question 1:

What is Price Forecasting?

Here i am going to explain price forecasting, So basically price forecasting is like predicting the future potential value of resources (commodities). Crypto trade and investing are similar to games in which the outcome is dictated by market conditions such as demand and cost price. This variables must be measured rapidly, often in minutes, and sometimes in seconds. Let's begin with the two most fundamental cryptocurrency market states which is bullish and bearish. When the price is thriving or expected to increase growing for some time, we have a bull market. A bear market, on the other hand, denotes a period where the stock is declining or projected to fall. You must always rise or you will be demolished. That are the two basic concepts. If you believe the demand will rise, you can keep your money or even buy more coins, and sell them as the price rises. If you see bearish moves, on the other hand, it's easier to sell before you lose money. Here, I'll go through a few ways for analyzing stock prices that are often used. Technical analysis, basic analysis, and sentimental analysis are the three main categories.

Technical Analysis.

In technical analysis, all historical figures were considered, including market fluctuations, trade volume, and a variety of other previous predictor metrics. You will be able to find some familiar trends and catch hints of when it may go up and when it may go down again based on watching the price history reports and some additional calculations.

Fundamental Analysis.

Fundamental analysis looks at market estimation from a certain angle, not only from the crypto price, but from a macro standpoint and other external variables as well. These are the factors that influence a project's market and usage case, as well as other factors such as the global economy, business income, and so on. So far, we've looked at historical trends as well as recent events that could have an impact on the industry.

Sentimental Analysis.

The human aspect, which includes not just crypto traders but everyone, no matter who they are, is sentimental analysis. The more dominant you are, the more likely you are to influence crypto demand and price.

Question 2:

Discuss on why Price Forecasting is needed?

Price forecasting is needed when you think for invest or trading, because price forecasting helps you to determine the future value of that resource in which you want to invest. There are some types of analysis through these you can predict better and also there are charts that helps people to predict the future value of resources. Similarly technical analysis, which is one of the types of analysis, is incomplete without price indices. They show the price fluctuation over time, which can be a 24 hour cycle, a week, a month, or even a lifetime. Trend lines are another way of measuring or predicting. This approach focuses on tracing a linear path from high to low points in order to draw an upward or downward pattern while excluding random variations that occur during the time. Through all these forecasting process you'll be able to save your money instead of facing a loss so that's why price forecasting is needed.

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Question 3.

What Methods are best you feel for Price Prediction/Forecasting.

Sentimental analysis is the best and important analysis for price forecasting. It is very important to know about the sentiments and perceptions of the coin that in which you want to trading or investing. Through this you earn and gain profit well. Perception of that coin means what the people's perception related to that coin in the market means people's are positive with that coin in market or not. If a coin has a positive perception then its value will rise as much the positive perception it has. Similarly if a coin has negative perception then its value will fall as much the negative perception it has. Fundamental method of analysis and sentimental method of analysis is way better than technical analysis. In cryptocurrency technical analysis has not much importance because it mostly uses in stock market. Fundamental analysis is also important method but sentimental method is best, In fundamental analysis method once you start trading or invest in some coin, you have to study the fundamental of that coin and in crypto coins the fundamentals are like, which of the team works behind that coin. Which company launched that coin and what's the intention of that company related to that coin. And which institutions support that coin, how much market capital it has. All these are fundamentals of a coins. When you are study these fundamentals you are doing fundamental analysis.

Question 4.

Take any Crypto Asset Chart graph and explain how to do Price Forecasting? OR Take any Crypto Assets Chart graph & as per its current price tell us what will be its future price for next 1 week or 1 month? You can predict for any direction up or down but explain it properly on what basis you have predicted the price.

In crypto trading, reading price charts is also a must talent. Different time frames may be used to view cryptocurrency charts. I've chosen a graph with a candlestick pattern. Candlestick charts show a lot of information, including not just price fluctuations and volume, but also the opening and closing prices. Candlestick dashboards with subsequent columns filled with red and green are extremely common. An uptrend is represented by green, while a downtrend is represented by red.

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Specific mentions to:
@stream4u