Hello steemains!!

Hope you all are good and enjoying your lives. I'm inviting you to review my homework for @stream4u.

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###Discussed as per your understanding on Reverse Strategy with some graph examples.

Technical Details On Reverse Strategy :

A reversal strategy is when the price trend direction has changed in either direction, from going up to going down, or vice-versa. Traders always try to come out of situations that are aligned with the trend prior to a reversal pattern.

When traders using a reversal trading strategy, means they are looking to profit when the price reverses its direction. Sometimes it really confusing for trader to pick the market top or bottom or looking for a trend to change when Reversal trading is trying.

Reversal trading strategies can be made within a trend, against the trend and within a range

For example, if you are looking to reversal trade within a trend, you have to identify the overall trend first. In the example below, price is giving a clear trend, that is higher with higher highs and higher lows.

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To do a reversal trade within this trend higher, trader would wait until the price downs back lower . This is happens normally at Support or resistance level. Then entering long trades from the low price and wait for price to reverse back higher in trend .

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Discussed the COINGECKO and explore it well.

Review of COINGEKO:

1. What Is A COINGECKO?

Coin Gecko was founded in 2014 by TM Lee ans Bobby Ong and it is Singapore based company.
CoinGecko is a platform fromwhere we can get information of digital currency price and data . It allows traders to evaluate rank their coins quantitatively

2. How COINGECKO Can Be Helpful for you in a Crypto Market?

It is not an exchange and we do not trade that is buy or sell cryptocurrencies on Coin Gecko.

It is a platform that provide data and pull prices from the various exchanges worldwide.

To buy or sell cryptocurrencies, you can visit at the exchanges selling the cryptocurrencies and head to their website.

For example, you may buy or sell bitcoin from the exchanges listed here: https://www.coingecko.com/en/

Main features of Coin Gecko :

CoinGecko provides a basic analysis of the digital currency market. It also offers to tracking market capitalization, price and volume , CoinGecko also tracks community growth,major events, open source code development and on-chain metrics.

CoinGecko is a platform for getting all information around crypto prices, latest updates, and also crypto educational material. It is a cryptocurrency aggregator site, that can be filtered into many categories to help sieve through the thousands of coins on the market.

CoinGecko is, the go-to sites for live crypto prices listings. CoinGecko also welcomes new crypto users to the community and give them educational material, yield gain calculations, and interactive giveaways.

All the different characteristics of tokens to allow traders to see a wealth of different data points and information relating to the crypto markets are categorized by CoinGecko.

Weekly Price Forcast For Crypto Coin TRX/USDT :

I am talking the TRX/USDT pair and the reason to chosen TRX is because it asset has uptrend in the recent time in crypto market . Last few weeks before it has the downtrend, TRX is showing great uptrend market price behavior.

What to know about TRX?

Tron network was founded in2017 by Justin SUN and it's native token is TRON/ TRX. Tron blockchain now offers free transactions on the blockchain and all tokens on the Tron network blockchain are considered TRC20 tokens.
The price of 1 TRX is equivalent to 0.0798USD and TRX is on the number 22

Why I have chosen TRX?

• The main reason to choose this is I'm interested in longterm investment as I'm not expert in trading. After 5 years investment expected revenue will be + 551. 31%

Some of the attractive features about the Tron blockchain are

*They provide up to 2000 transcations processed / second.
*They take low transaction fee on the Tron network.

• Offers Compatibility with smart contracts.
• It enables users to share digital contents free with no attached charges.

Technical Analysis- TRX/USDT Pair :

I have done the technical analysis to find the price behaviour of TRX/USDT pair and price forecast, its price (high and low point) in the coming next week. During technical analysis I checked previous days and weeks on supports and resistance which has forced a reversal trend. I draw out my support/resistance to predict the price of TRX/USDT in the next one week.

By checking on the price pattern of TRX over time, at the price 0.0789 USDT, resistance eventually turned into support and this makes a good point to set one's point of taking profit. So buying the asset below that price at a good support makes 0. O789a good point at the take profit level.

TRX/USDT asset is at downtrend and there were two supports caught earlier at the low level of 0.0789USDT which gives a certainty that if there were no trend reversal before that level, there would be a reversal trend at the low point 0.0789 USDT and that becomes good position for buy and setting the next high trend USDT.

Next week there could be a trend reversal at the support at worst and to become a good buy position and set the next high USDT.

Price Forcast on Technical Analysis on TRX/USDT pair

All mentioned charts shows the downtrend in next week means it's good time to buy trons

Conclusion :

Reversal strategy is effective for a trader to take great advantage of an extremely bullish/bearish market by finding the point to get into or exit a trade.
And CoinGecko provides information about digital currencies and helps traders to keep view of different crypto to making a profitable investment decisions .
Thanks to professor @stream4u for reviewing my homework