Hello, friends, Here's my Homework post for Steemit Crypto academy season 2, given by our crypto professor @stream4u.
This image is taken from the @stream4u course post and later on edited in Paint.
So let's start with the Questions.
1. Technical Details On Reverse Strategy
We all know neither bull nor bears are permanent in the market so if bears are running for a long time then there is a time came when bears stop and bulls take charge. After a huge fall or gain, there is a moment when the coin or market goes in the reverse direction. So this is the basic idea which I get from the Reverse Strategy(a name given by @stream4u) course.
Let's see it with the chart.
This is the current chart of stem and today only you can see that reverse strategy pattern. As professor @stram4u also said if you see the chart of steem & SBD of the previous 3-4 days you will find more of this type of candle.
2. Review Of COINGECKO
COINGECKO is a website where you will find the details of all the crypto coins. starting from the current price of the coin, about the coin or organization, the exchanges where the particular coin is listed, and much more. COINGECKO is basically Moneycontrol of the crypto world.
As Moneycontrol provides us the most of the analysis regarding the stock same way cCoingecko also give us detailed analysis about a particular coin. that detailed analysis will play a good role while making a trading call. Also, we can get crypto world-related news on Coingecko.
Let's see some detailed review of Coingecko
This is the Home page of Coingecko. You can find the top crypto coins list on the home page. as usual, bitcoin is on the top of the list and after bitcoin ETH.
There is a search bar at the right top corner from there you can search any crypto coin and get information about that coin.
I searched for the Steem coin only. So in the beginning, you can see the current price of the STEEM. Then you can select the price of the coin according to your national currency. I selected INR. Then there is a website of the coin and the rank of the coin based on the market cap. Alo 24 hR low & high, volume and other details you can here.
If you scroll a bit down then you can find the above window. here you can check the value of your holding. As well as the movement of the coins in the last 1Hr,24Hr,7D,14D,30D & 1Y. at the right site, you can find the general market details of coins.
If you scroll a bit down then you find the chart of a particular coin. here you have a different tab as well as you can also use the trading view tools from here only and also you can see graphs in lines of candles depends on the selected time interval.
If you go more down, you will find the list of all the exchanges where this coin is listed and at the bottom, there is about section where you get the information of the particular coin.
This is all I know about the Coingecko apart from the information given by @stream4u and I was also exploring more about Coingecko and If I find something new, I will share it with you guys.
3. Weekly Price Forcast For Crypto Coin: STEEM
In this Image, I marked the resistance, support, and double support in the current chart of STEEM. The steem is down more than 50% in last few days. but it's not because that there is some fundamental fault or technical fault. The region behind this is neither technical nor fundamental it's Sentimental.
The price of STEEM is down because the whole crypto market is crashed in fast few months because of some stupid person's twists but now the market get an experience of it and now there is no effect of the twists on the market. but as the market crashed so the small investors and traders may get panicked and they start selling the holdings and because that market is going down now as well.
Now if steem crosses its double support then it may be going more down but the resistance is not tatted much strong so it can break that resistance point.
According to my technical and sentimental analysis, the price of steem in the next week will be lies between 60-70 INR.
Thank You @stream4u to provide this valuable knowledge to us and helping us to do good and safe trading.
That's it from my side.
Note: All the images are Screenshots of Tradingview, Coingecko and later on it edited into the paint.
Thank you
@akkibadbboy
Admin: Steeming India Community
Hi @akkibadboy
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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