Technical Details On Reverse Strategy

Reverse strategy is a technical analysis took that is used by traders to know when you opt into the market or out from the market. This tool when properly studied can give the trader signals of not even joining a trade at all.

Reversal means opposite of something, so a reversal strategy is a movement in the market which signifies that there will be a opposite movement of a market at a particular point. That is if a coin price moves in the bullish trend for long time at a particular point there will be a retract in the trend which will go in a bearish trend. If this tool isn't read accurately, it brings about a false signal for traders which will lead to loss.

CHART ON REVERSAL STRATEGY

Looking at the screenshot we can see that there is a long bearish market which gave a signal for a bullish trend after the bullish trend also there was another reversal to a bearish trend.

Review Of COINGECKO

Coingecko is a cryptocurrency data collator platform where crypto traders can details about cryptocurrencies such as the crypto market overview, prices, crypto market cap, trading volume, and more.

This platform was founded In 2014 Ong and TM Lee. To create a valid data the company has incorporated with Western University and Humboldt University to produce cryptocurrency research. The annual revenues of coingecko is about $3 million and has data of over 7,382 tokens from over 437 exchanges. The platform has a web version and also an application which can be downloaded on both andriod and IOS.

How COINGECKO Can Be Helpful in a Crypto Market

The usefulness of coingecko can't be undermined, due to the fact that this is a platform full of information. Every traders need valid information to be able to trade effectively. This gives traders access too exchanges also with charts.

Exploring COINGECKO features

The coingecko interface hasvarious features which makes it unique and outstanding among other platforms.

Homepage

This is the first interface in of the platform which gives brief informations about cryptocurrencies. It shows details like the rank, name, price change in 24hrs and the market cap of the coin. This homepage can also be reffered to as the market interface. It also shows the global market capacity.

This interface also has a way of making you set the category of coin you which to check the information about. By clicking on the TOP 300 icon it will bring a list of other categories out and then you select the one you want.

REWARD

There is also a reward feature which gives the user candy that can be used to purchase items on the platform. Items that are valuable to traders and investors. The candy logo is clicked to access this feature.

Exchanges and derivatives

This shows all list of exchanges where spot trading and futures can be done and their volumes. There are at least 470 exchange listed on coingecko

Portfolio

This serves as a imaginary wallet where one can input the coin he has and watch the price from there. It helps to track the price of one's asset.

Search

The search feature ease the way one look for a particular token all.one has to do is navigate to the search interface and search for whatever coin one need to get it's information

Price Alert

This features serves as an alarm which will inform you when a coin gets to a particular price you want it to be.

Explore

This has various features which are the news, podcast, blog and buzz. They give latest news about different crypto, and about the platform as well.

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MORE: this is where the settings of the platform is done to initiate dark mode, currency and language the user prefer.

Weekly Price Forcast For Crypto Coin: TRUEFI

This is a native token of the truefi protocol that is built on the etheruem blockchain. Truefi protocol is an interest bearing platform for it's liquidity provider with high APR. Truefi is current at a price of $0.3891 with a total supply of about 1,450,000,000 TRU. It has a circulating supply of 140,000,000. It is currently ranked #456 in coinmarketcap.

Why TRUEFI

Truefi has proved to be immune to the dip currently ongoing in the market. It has had a rise of over 23.28% over the last 24houra even when other markets seems bearish.
All truefi pairs have been doing well lately. And this seems like one of the potential coin to trade on if a trader wants to trade at this time. With a price of $0.3 and an all time high of $0.6 there is a tendency for it to pass the all time high this week.

According to the chart the price of truefi has risen up to $0.47 during the last few 12 hours and has dropped back to $0.3. by following the reversal.strategy. there is already a great drop in the market and there is a signal of a bullish trend. It has done a 24 hour low of $0.22. There is a high possibility of truefi hitting another all time high before the end of the week and also hitting the last dip value at $0.2.
This forecast is based on the reverse strategy and the moving average convergence divergence. The market is a bit wavy and hasn't moved in a particular trend in the past 1 hour but there will be a breakout from the 24 hour high of $0.47 before the end of the week.

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