Hi friends, From this Today lecture from @stream4u I understand what is meaning of Reverse Trend and how we find it. Based on this how we took positions. Thanks for making it like a wonderful lecture.
About Reverse Strategy:-
The Crypto market is always volatile. So always we get Bullish along with Bearish Sign too. For understanding the present situation, Technical analysis plays a big role to avoid our losses.
If Market going good is known as Bullish, if the market going downtrend is known as Bearish.
For any up/ down trend of Market get break out then start to go opposite direction is known as Reverse Trend.
Simply Reverse Strategy means reversal direction of price movement according to the present condition. For Example, if the market going uptrend, but suddenly it starts dumping in this situation where we get the reserved trend. It may happen vice versa too. Means going down and down suddenly it starts pumping. Here also gets a reverse Trend.
Like that sudden changes we see and coin price then we say it's reverse Trend started. Based on the chart we can take our position and Possible to Exit with profits.
For Example, Here I taking XRP/USDT 1DAY chart and Explain about Reverse Strategy.
About COINGECKO
In the crypto market every day, their lot of new coins entered into market at the same time lot of Decentralized, Centralized Exchanges also arrived. Getting all those details is not so easy. But through the COINGECKO platform, we get all the necessary details in one place. On using the COINGECKO platform we get all details about the project like its social performance, growth, developer activities, the present trend of particular details we get through COINGECKO. All details are 100% genuine we get, no fake details we get here.
On considering those details we can decide our investment where we put for further growth.
From https://www.coingecko.com/en we get fundamental details, Technical details along Market Trend also. So based on all those details we can take our decisions.
For getting success in the crypto field we need both fundamental and Technical Analysis knowledge then only we don't get panic about seeing sudden pumps or dumps in the market.
Simply we say https://www.coingecko.com/en is the world's largest independent Crypto Data Aggregator Here we get all details about all coins and Exchange details.
In my Today post, I try to explain some important hidden features in COINGECKO. Those are very useful.
Market Analysis:-
On opening the https://www.coingecko.com/en website on the main page we get, all the necessary details about the market.
Based on the market cap, we get the Top 100 coins list on the main page, along with its present price, 1hr, 24hr, 7days price change, and its market cap details we get. Those are very important to know present market conditions.
In Top we get How many crypto coins we having, How many Exchanges we having, Present market cap, 24 hours market volume.
One more important thing is BTC Dominance, ETH Dominance, present ETH gas fee all those Details we get on Top of this Platform.
Like that all those Details We get in Main Page.
On clicking the coins tab we get all present market listed coins details. Based on its market cap we get the list. Who's the market cap is high those display first like that it follows.
At present we having nearly 7322 coins in the market.
On clicking the Exchanges Tab we get all current Available Exchange Details based on its Trust Score. So on seeing that we can identify which platform is more Trusted and which is a good choice for us.
At Present we having 471 Exchanges. For this Binance occupy first place.
On clicking the Market Cap Tab, we get Top Gainers, Top losers, Dominance of Altcoins.
Present Market Condition in a single click. Each day I check this for knowing updates about the present market condition. Seeing this we can get a rough idea about the present Trend.
Here we get 24 hours, 7days, 14days, 30 days, 60 days, 90 days and Maximum performances of about the Total Market cap.
On clicking ETH GAS we get present gas fee details for ETH transactions. It is very useful to know an interesting ETH network before go to Trading.
Currency :-
On clicking the USD Currency Tab we can change the prices of all coins in our needed currency price.
For Example, here I wish to see Crypto coin prices in Euro.
For this I just click the USD tab, then it shows available currencies from this I select Euro That's it.
Now I get all crypto coin prices in EURO.
Here we can see present coins price in different curries. Lots of currencies it supports.
Not only stable, Fiat currencies like ARS Argentine Peso, AED United Arab Emirates Dirham, INR Indian Rupee and many more Currencies we can see present crypto coins prices.
Not only fiat we see BITS, SATS and other cryptocurrencies form also.
This feature I liked a lot, We don't get this one in anywhere.
Filters :-
On using this we can check our needed coins based on using the Filter tab. Here we get 3 major filters those are HashTag Algorithms, Platform and Category
Using those we can filter our needed coins very easily.
For Example, I wish to track Binance launch pool coins.
So for this, I just go to Category Tab-> select Binance Launch Pool coins.
That's it now I get my needed coin list, From this, I decide what I need for my investment.
Portfolia :-
Here we can Track our Portfolio. How much % profit we get, how much loss all those we get here.
We also add our watch list coins. From this, we can choose our next investment coin very easily.
Here you can see my watchlist coins, based on my regular checking here I can analyse my coin selection very easily.
Explore All Coins:-
Through this, we can filter our searched coin based on Market cap, category, 24 hours volume, platform, Exchange, Hashing Algorithm and many more filters available. Using this we can search for our needed coin very easily.
For Example, here I needed >$100000 market cap having Binance listed coins. So I set my filter like this. On setting just click on Search Tab. Now I get my needed coins list.
Like that we can filter our needed coin based on our needs.
Recently Added:-
On clicking the Recently added tab, we get details about coins which is added recently in coingeko.
On clicking this Tab here I get a list of recently added coins. Here not only we get a list along with we get complete project details also.
For Example here REVT coin listed 2 hours before. Just by clicking this coin, I get further details about this project. Here we get this project website, social activities, where is listing, market cap, volume and many more details with a single click.
I like those feature more, from this possible to enter new coins at it's the initial stage. If we took a position at the initial stage is always a good choice for getting good returns.
Category:-
This feature plays a big role in finding our needed coin based on category.
On clicking this we get a different category list. From this, we can search for our needed coin easily.
For Example, I needed Privacy Coins list.
So for this, I just go Category ---> privacy coins.
That's it I get I needed a list of coins.
Here we get all privacy coins list based on their Market Capitalization.
Like that all the important details we get on the main page of Coingeko Website.
CoinGecko Podcast:-
This option we get on clicking left corner 3 lines, Scroll down we get Publications from this select Podcast. Just clicking it we get all available podcast.
Those are very useful for beginners for learning about bitcoin, blockchain, crypto curries and many more we learn through here on watching videos.
CoinGecko News:-
This Option also we get under Publication Tab.
On giving our Email we can subscribe for getting Daily Updates on the Market.
By personally I regularly follow its updates.
From this, I get Daily updates to my Mail. From this possible to analyse the market condition.
On the Website also get details by clicking Read Our Previous Newsletters from this also we can get updates.
Coingeco Earn:-
I think all most all crypto users well aware of it.
Through this we can earn free crypto by participating they're learning and Earn Program.
This option we get under ResourcesTab. Don't miss this opportunity. From this, I nearly earn 5 to 10$ every month. But those value may change based on the project and their giveaways.
Compare Coins:-
This feature also we get under Resources Tab.
By using this feature we can compare one coin to another coin very easily.
For Example, here I comparing Bitcoin With Ethereum.
After selecting we get our needed data. From this, we can analyse what we need.
Bitcoin Halving:-
Through coingeko, we get Bitcoin Halving complete details with a single click.
This option also we get under Resouce Tab.
Daily Checkin Bonus:-
At present they I introduce Daily Check in Rewards. For daily sing in Coingeko, we get Candies , after reaching require we can redeem those in their[Reward Center] (https://www.coingecko.com/account/rewards?locale=en). This feature helps to earn some free money. Don't miss it Guys. Utilize all free earning genuine ways.
Like that from Coingeko, we get to complete details about the crypto market in one place. This platform is a great and amazing resource for crypto traders and investors. Here we can analyse, learn and Earn too.
Weekly Price Forcast For Crypto Coin: SOL(Solana)
For this weekly price forecast, I choose Solana for my analysis.
Technical Analysis:-
At present SOL Trading around $48.73,having Market cap $13,284,655,076 with 15 th Rank in Coingeko.
It's an all-time High around $51.64(1 day before).
Here I taking a 3D chart of SOL/USDT.
on looking chart it is in bullish mode, This project having the capacity to grow more.
Now it Trading its support level of $49, If it breaks we can see again $52-$55 within a week. If the market is in good mood. Other, wise it can drop its previous resistance $41-$42. As my prediction.
Technical SOL is in bullish mode.
Fundamental Analysis:-
I strongly follow fundamental analysis than Technical Analysis. Due to Fundamental analysis, we can get good returns for holding long term. For Short Term needed Technical Analysis is the best way.
Solana having its own Blockchain.
Listed in All Major Exchanges.
Having a good market cap, so we don't get that's much dump in any situation.
At a present lot of new projects build on using Solana Blockchain. For accessing all Transactions we need sol coin. Because it is its native coin. So we see huge growth in SOL COIN.
Simply like BNB for BSC network, SOL for Solana Network. So it having real use cases like BNB.
Solana network we can do nearly 50k transactions per second. Now we can assume its fastness. Simply it looking like general P2P transactions in our daily life. That's much fastness we get in this network. This is a wonderful feature in this network.
https://solana.com/ platform looking very neat and well designed. Easy to understand. The well-talented team behind this project.
We can check each of our transaction through this https://explorer.solana.com/ Explorer. So we get 100% security for our Transaction.
It has its wallet, where we can hold, stake our SOL coins very easily and also possible to interact with SOL DEX through these wallets very easily.
In Social Media they are very active, having huge followers too.
At preset SOL TREND going on due to their Hackathon going on. It giving huge hype in Crypto Market.
Daily lot of new project coming in sol platform and also offering community airdrops for early users.
All those things showing how fundamentally Solana strong. In my personal view soon we can see SOL In Top 5. Personally my 40 to 60% investment I invest in SOL coin only.
All those Screen Shots I taken From Coingeko, Then I edit as per need.
Conclusion:-
I learn about reverse strategy.Where and How we use this.
How to use Coingeko for analysing different crypto coins. Along with how to search our needed coins using available filters.
In Coingeko along with analyzing we can learn, Earn too.
SOL coin Technical and Fundamental analysis and Price podcast.
Thanks For Reading My Post
Hi @lavanyalakshman
Thank you for joining The Steemit Crypto Academy Courses and participated in the Homework Task.
Your Homework Task verification has been done by @Stream4u, hope you have enjoyed and learned something new.
Thank You.
@stream4u
Crypto Professors : Steemit Crypto Academy
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