Reverse strategy

A reverse strategy is the phenomenon occurs when the value of any crypto moves in opposite directions to the actual market trend.

For example, when a crypto is moving in to an uptrend market and suddenly change direction to move downtrend then we are said to have a reverse strategy and it's often happened when a crypto was in a certain trend direction for long time.

For example, when the price of bitcoin is in the bullish trend meaning that the market is in the uptrend for some times and then it suddenly change direction towards a bearish trend meaning that the market is moving in the downtrend, then the market is said to be in bearish reverse strategy. And this almost happened for a period of 24 hours.

Coingecko

Coingecko, a singapore based company, is a digital Cryptocurrency platform that provide detailed and updated news and information about all the latest happenings in the Cryptosphere, ranging from price fluctuations, coin ranking, market capitalization, coingecko was created with the main aim of making access to Crypto Data available in uniformity and let any investor get the insight of all crypto report.

It was founded by TM Lee and Bobby Ong in 2014 with a total coins record for about 7382 and 473 exchange. Coingecko has an app launched suitable for iOS and android.
Coingecko tends to be a very important platform that provide every information needed about Cryptocurrencies that help an investor to know the details of all the fundenmental and technical analysis of Crypto asset so that the investor with have an actionable insight of what to do at a certain trend and track their asset performance.

On getting into main homepage MARKET FEATURE is the first to load on,which is then sub divided into menus as:

Cryptocurrency Shows the list of coins and their market capitalisation, prices and 24h fluctuations.similar menus on this feature are the Defi and NTFs menus.

Exchange shows the list of all the exchangesl platform available in a ranking order where transaction can be made, number of their reported volumes. and the level of rating each exchange of over 400 have.

Derivatives shows the list of all the exchanges that are good in making a future trade, with open interest and reported volume within 24h.

Portfolio
This is feature where the user can sign up to the user account, there is watchlist menu and portfolio menu in which the user can monitor the coin and tokens available in the user's other Wallets.

Search

This is also another feature on the coingecko app,where the user can search through the details of any coin, token or defi.

Explore

The explore feature that contains the news, buzz, blog, podcast and newsletter menus where all the updated news about the crypto sphere, sites for trending news and information including the latest newsletter about the happenings in the blockchain market.

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This is the last feature on the coingecko that contains all the settings the coingecko app.

Ethereum:

Ethereum ETH is an open source distributed public blockchain network developed by Vitalk Buterin a 24- year- old Russian-Canadian.

It is one of the efficiently developed platforms with an extension to the original concepts of core blockchain where of bitcoin protocol was improvise in other to support application beyond currency issuance, having smart contract features as it's major breakthrough that can easily write, deploy on, flexibility, and multi-industry adaptability.

Ethereum is considered as the second in rank after Bitcoin. Launched in 2015 with $408.4bn as the current market capitalisation. It has a number of 115.9 million ETH coins in circulation and as of the time of this writing Ethereum price is $2,700.03 with a 24h trading volume of $92,501,664,338.38 and a market dominance of 17.97%.

Why Ethereum

I chose to predict Ethereum because it already claimed a new high position ever in in this year of 2021 there was a prediction of ETH to even reach $20,000 by 2025.

The price of Ethereum in the last 24 hours got a price down of about -9%, where there has been a reverse in the market and the price has gone down to as low as $2,195.34 in the last 12h This is a good time to enter the market, that is to buy the dip and wait for the rise in the coming days. For traders A stop limit should be placed on $2,195.34.

The forecast and analysis for ETH for 20 May 2021 shows that there is an indication to correct test resistance near 3055.05 level, with the expectation of a rebound and continuation of fall of Ethereum in as low as 1505.05 , a breakdown of the area of ​​3405.05 thus indicating a continuation of rise in the ETH with a potential target above the 4305.05 level.

The prediction of Friday, May, 21 shows that the minimum price of Ethereum will be $2,444.25 while the maximum will be $2460.00 where it shows that the price will be 2,449.58 dollars to ETH at the end of the day.

Meanwhile ETH price predictions of Monday, May, 24: shows a little increase of where the lower price will be $2,456.25 and the higher price will be $2,473.36 and closing the day with 2461.05 dollars an ETH. Tuesday, May, 25 prediction of ETH shows the low and high prices at $2456.25 and $2474.67 and closing the day with a level of 2459.69 US dollars for one ETH.

There's an indication that the minimum price of Ethereum on Wednesday, May, 26: will be $2460.31, while the highest it could be is $2474.72 and whilst $2472.91 will be the closing day price of one ETH.

The ETH market started with a bullish trends that reach up to a high of $4,384.43 and hits a swinging reverse hence the having a reversal strategy forecast where there will be four days in red with Wednesday having a 8.45% slide and a tumble of 10.56% on Saturday which makes the downside delivered.

@stream4u