ADA/USDT BUY/SELL S6T3- TEAM TRADING POST FOR FREDQUANTUM-KOUBA01 by @cinnymartins

The name and introduction of the project token, and which exchange can be traded on, project/technical/team background, etc.

By way of introduction, Cardano is a proof of stake Blockchain medium used to facilitate sending and receiving of funds easily and at a minimum rate. It is one of the few active decentralized Blockchain platform built with the intent to eradicate the issue of Blockchain trilemma.

Cardano itself is a Blockchain while Ada is its native token. This means that what users use for services and application on the Cardano platform is Ada.
The platform was named preceding a polymath called Gerolamo Cardano while its token was named after the first programmer Ada Lovelace.
Considered a 3rd generation crypto asset, Cardano was launched in the year 2017 but was founded in 2015 by the aa be e founder of ethereum Charles Hoskinson.
Cardano was founded to solve 3 major problems with cryptocurrencies and include the following:

1. Scalability:
   The founder of the platform believes that more users are getting into the platform day by day and see the system should scale up to accommodate the proportionality of users. With the help of Ouroboros and epochs which are proof of stake protocols, Cardano could speed up transactions to the point of presently processing up to 1 million transactions per second.

2. Interoperability:
   With the user of KMZ sidechains protocols, it became pretty easier to transfer assets from the platform to any other platforms.

3. Sustainability:
   It has a sustained ability to continue operation and this is made possible by its treasury that pays the fees it has collected to people that has contributed to the network.

Currently on coinmarketcap, Cardano is ranking 8, with the total market capitalization of 30,208,909,344.
Volume- $980,711,647
Total supply- 34,220,542,617
Price- $0.8961.

Exchanges it can be found

According to coinmarketcap, there are plethora of Exchanges which has listed Cardano and few amongst then can be seen in the image below and they include:
Binance,
Coinbase Exchange,
Gate.io,
Kucoin,
Huobi Global,
Kraken,
Binance US,
Bybit etc.

And the team behind Cardano is IOHK which is a technology and software engineering company.

Why are you optimistic about this token today, and how long do you think it can rise?

I am very much optimistic about this token even though it had not been at its best over the months. Prior to this time, Cardano was ranking 3 in coinmarketcap which is just next after Ethereum but has dropped after few months of reign. However, I believe in this and the wonders it would do I'm the nearest future because having gone through its price action, it has recently and simultaneously left the support level and has taken quite a slow bullish move. On this note, Cardano will not be left out on the next bullish market as it is ready to hit its peak in history.

How to analyze the token? (using the analysis knowledge learned from professors’ courses) - the most important part.

For this operation I used the combined effect of tradingview and binance Exchange whereas I employed TradingView for my analysis, I used binance to carry out the trade. I alsoapped out my support and resistance to be able to make good entry into the market. And from the image below, I also identified my take profit and stop loss after which I had my buy and sell entry.

I carried out my trade with $10.92 on margin trade and from there, I bought Ada/Usdt and which at the end of the trade, I made a loss of $0.0015.
See images below.

Do you intend to keep it for a long time or when to sell it?

Although I so much believe in the coin, I do not intend hold for long this is because from the analysis so far, it could take a while for the coin to leach my resistance and while I await that hit I still need to continue my daily trade with my asset. In other words, at the time being, on that note, I intend to sell it.

Do you recommend everyone to buy? and the reasons for recommending/not recommending.

yes I recommend people to buy the token. However, this may not be the right time to invest especially for short term investors as the tendency of the crypto still dropping is high pending when it takes the bullish run.
Meanwhile as we await the glorious bull, I would also like to reiterate the volatility in crypto currency of which cardano cannot be exempted and the possibility of prediction going otherwise.

Conclusion

In my first post on fredkouba01, I was able to capture pretty much about the Ada token ranging from the introduction of the token to its analysis. I went as far as analysing on Tradingview using different time frame going further, I entered a real trade with Ada on binance exchange. Finally i captured my intention not hold it for long which is not without a reason and I also recommend it for a buy for long term investors.