hello everyone, Wellcome season 2 week 6 of steemit Cryptoacademy by Professor @stream4u . today our lesson is Reverse Strategy and Coingecko. I am very happy to be part of this class.In this post I will explain my homework task.

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Technical details on Reverse Strategy:

The word reverse is not a new to trading. It is a strategy used to make profit when cryptocurrency market moving in bearish or bullish pattern.In crypto market you can make your entry or exit points for next 24 hours to make profit. This strategy is very risky to trade when 24 hours of the day the price of an asset continue going up or down. A trader wait one day to understand the reverse strategy. It is better for him. if he does not do this he will loss his money. firstly he completely understand reverse strategy and than trading . this strategy works when price change 20% or more in the market asset end of the day . It is good for him . we have understand before trade to know what is next. we needs to wait one day of price asset in a strong bullish or bearish movement to get profit.
There are some key elements used for reverse strategy trading. And we know what is this?
when it is open. when it is closed. when it is high and when it is low price. firstly you avoid trading when the market or cryptocuttency a longer bearish or bullish.

Reverse strategy is in two forms

.Bearish Reverse Strategy

.Bullish Reverse Strategy

I will explain this step by step this . and explain very care fully.first

Bearish Reverse Strategy:

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we can understand easily by an example.when a crypto market goes long bearish long bearish refers more sellers and low price .at the end of the day sellers exit and buyer join which gives a little bounce in crypto market and get profit . In this bearish reverse strategy applicable exactly know the price dips -20 and below.this strategy will help people with a bad trading decision bulish trend start but if if the price goes more down then he will loss .he understand all points carefully. now you wait next day opening.
Example of Reverse Strategy

Bullish Reverse Strategy:

in cryptocurrency market showing bullish movement of price to go high sellers enter the market next day.you wait bullish movement to the high point as your wxit point.if market does not show any bullish movement you will loss.you for bullish high point if you have patience and want to see what happens next you will wait and stop.you can exit every where at any point. price going higher if he always create sell position when it is at +20 or more he wil get more profit .you use Reverse strategy to make profit.

Review of COINGECKO:

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Q1. What is Coingecko?

CoinGecko is a website . who holding cryptocurrency as you can see the detail of 7288 coins .It is very informative website.It provides 24 hour volume of cryptocurrency. It provides all information about any coin. It provides 24 hours trading volume, 24h low and high circulating suppy and price of chart in cryptocurrency that you know about it. It is a very useful website.
CoinGecko was developed by TM Lee and Bobby ong 2014.

Q2. How CoinGecko can helpful for you in a Crypto Market ?

CoinGecko is very helpful for me in crypto market.
you check and change price in Cryptocurrency in 1h,24h and 7 days.so you can check this analyse data with the help of chart and cryptocurrency price and you participate in cryptocurrency with the help of CoinGecko and make profit.
you can see 7288 coins and 470 exchanges in with the help of CoinGecko .this is safe website . this is not a fraud website. There is a developer option which tells about the growth about cryptocurrency or coins. so you invest here and make profit in future. CoinGecko provides your native currency to save your time . IT provides contract address.There is an option ETH gas which tell about how Ethereum network is. A person easily know perfect time of participate with the help ETH gas.you learn about trading with Defi in the CoinGecko learn section. It provides more usefull information.

Q3.Explain CoinGecko with information?

I am going to explore CoinGecko. you go google and simply type website address and enter
https://www.coingecko.com/en

Home page

After this CoinGecko home page open

In home page you can see top rated cions with their price in 1h,24, and 7 days.
In this page you can see hundreds of coins and exchanges and global market capitalization.

Exchange section of CoinGecko

here you can see all exchanges above and also you see trust score here.

Currencies

going on currencies section you chose currency in your native currency. I change PKR and do not have convert USD through converter.

Filter section in CoinGecko

in filter option you can filter currencies on the basis of hashing algorithm. It makes to filter currencies in cryptocurrencies. you enter on any hashing algorithms.here you can also search cryptocurrencies platform.

Catagories

in categories of coin you can find coin in your interest.DeFi ,DEX you can see the top coins and detail about them.categories of coins help the investors to know nature of coins. CoinGecko has many features .

Weekly Price Forecasting For crypto coin Binance

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Binance Coin is an exchange based token . It is very important trading coin. In CoinGecko its rating is 3. This is my favourite coin.

Fundamental studies of Binance Coin

Binance coin is a very wonderfull crypto currency. It is a crypto coin. Binance coin is of ERC -20 on Ethereum blackchain technology.
Binance coin is created as an utility coins . Binance is used for payments of hostel dues flight tickets amd more. BNB is used to pay for fee on the Binance . Its users has increased day by day . It stands on rank 3 with its users. Its market cap is #83,313,1
IN white paper this coin was first launched as an initial coin offering IN 2017. IN 2019 bINANCE update his whitepaper.

Based on the Technical studies,

However, within 24h of the market of BNB the lowest price $492 while the highest is $543 with market cap is 798824.66
fom this graph the price change BNB for the last 24h.Its bearish or downwords movements experienced.

Conclusion

This leacture is very helpful for me. I have studied reversal strategy and CoinGecko website and its feature carefully.
I have price forecast for a week for Binance coin with technical analysis. I tell about Binance coin high and low price for next week.

Thank you

@stream4u