How to predict the future price of any coin?

How to predict the future price of any coin?

How to predict the future price of any coin?

Generally, when you ask “What is the target for this coin? or what can be the future price of the coin?” to some fake expert technical analyst, they will tell you by checking previous support or resistance or looking over the internet or social media. But when you ask the same question while the price is in discovery mode, they will not answer you anymore. Because as there will not be any existing historical data, they won’t be able to answer you at all. So what you can do? How would you know what is the expected target of any coin when there is a bull run?

 

There are a few ways to understand that and book the profit. Let’s discuss it.

How to predict the future price of any coin?

All In One Crypto App Trend Analyser Tool

This is the best method or tool designed for every trader, whether scalper, day trader, positional trader, or investor. The tool will help you by showing the textual status of the selected coin. To use this tool, you will NOT need any technical skills. It is a pre-defined tool that calculates all of the possibilities and shows you the data. To know more about the Trend Analyzer tool, please click here.

As a registered free member, you can use this tool for the 1D timeframe. If you want to use this tool for scalping or day trader, smaller time frame, consider buying premium here.

 

Previous Support or Resistance

If there is previous data available for technical analysis, and when you know a few points about support and resistance, you can easily understand the expected target by target previous support and resistance. The difficulty level is low, and the accuracy level is high. A beginner can understand this very easily.

How to predict the future price of any coin?

Fibonacci Trend Based Tool

If you are aware of the Fibonacci retracement tool, then Fibonacci trend-based tool is easy for you; otherwise, you would learn about the Fibonacci tool first of all. In the Fibonacci trend-based tool, you will have three points to place,

  1. The first point will be swing low.
  2. The second point will be swing high.
  3. The third point will be a retracement of the swing low and swing high.

 

 

In the video, you will see how I used this amazing tool to grab the extended targets using retracements, swing high and swing low. Let me point out one thing here. It is not easy to choose the correct swing high and swing low. If you want to learn more about it, then buy our full dynamics All In One Crypto Basic to Advance course of Technical Analysis series. Contact me on Telegram to buy it. @digiwhale

This method will help you trade retracement to an extended level, which is a bit risky as the tool is only focused on the current trend and never indicates a trend reversal sign. Meanwhile, moving from retracement to extended targets, if the trend has been changed, you may have to cut the position at breakeven or in the loss. Also, this is the best method for day traders and positional traders.

So overall thought is, combining all of the points will show you a better outcome.

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