[ ADA/USDT ]-Steemit Crypto Academy | S6W1 | Team Trading Contest Post for Crypto-Empires

I welcome everyone to the first phase of the trading competition designed and headed by my dear professor @reddileep, am @kingworldline who made this entries post with the trading experience which have derived from my professors in cryptoacademy.

Hence beginning it, since we are taking cryptocurrency trading. Before I will proceed I will personally explain what cryptocurrency is all about and how it works based on trading.

Cryptocurrency trading is the process speculating token price via the it movement which involves the buying and selling via exchange.

Hence the cryptocurrency trading enable us to speculated the cryptocurrency price by taking proper ownership of a traded currency which we can achieve by "buying" in inspection of selling in future in place of making profit which is assume that token is no longer in our possession, hence this can be regarded as "sell".
Therefore other kinds of trading like leverage trade is assumed that we can make profit on both sides of the buy and as well sell order which is achieved by buying taking profit and as well selling and taking our profit.

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

Today am doing to be introducing the project token, and the exchange this cryptocurrency known as Cadano known with the acronyms "ADA" can be exchange in place of "USDT" in order of making profit of having the coin in possession and as well the project, technical and their team and background and other.

Cadano as a currency is one of the third decentralized proof-of-stake known as the (POS) blockchain which programmed to have more efficiency than the previous blockchain which operates based on the proof-of-work , the POS was built as alternative to super pass the previous one based on the scalability, interoperability, and as well sustainable, hence this a as designed to reduce the infrastructure and as well the expense on cost, energy consumption and as well to fasten the transaction speed.

Hence they some exchanges where by this token ADA can be exchanges for other or stable coin, hence this can be purchased on trusted global exchange like the Binance, and as well in Kraken exchange

The kraken exchange platform can offer cryptocurrency assets and even the traditional currency and others, this actually meaning the BTC and USD can sell this to get ADA.

The co- founder Charles Hoskinson of this who was the developer of the Ethereum blockchain was pronounce as the founder of the Cadano blockchain known as ADA as token acronyms which of which this process of these currency development started 2015 and was launched in 2017

Cadano is known as a PoS network blockchain, hence based on the peer- reviewed academy Has it that Cadano has ethos of transparency and that of openness towards. This blockchain is designed by well potentially made team which known by their profession in programming.

Therefore in summary of Cadano, based on their development, this development was actually carried by five eras which included
Byron, Shelley, Goguen, Basho, and Voltaire.
Each has their own functionalities as regards to the main arm to achieve and pass across.

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Hence this era was designed to work in a sequential order which is made to work based on research, prototyping and as well development.

Here is the the overview of the goals of era which are associated by
•Cardano Chat
•Cardano Forum
•Cardano Reddit
•Cardano Community
•Cardano Foundation
•Cardano Foundation YouTube
•Cardano Foundation Twitter

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

Am really optimistic about Cadano due to the fact that in the previous years this token known with the acrony ADA have improving based on ranking, currently is rank seventh on the log in the crypto market according to coin market cap, also i discovered that the in ADA wallet has beat the record be of 3 million according to the report from the Cardano blockchain, hence this token keep on developing every day by day.

3. How to analyze the token? (Here you can use the Technical analysis knowledge learned from our courses and clearly explain the Trading Strategy that you have used to analyze the token )

The analysis behind these token which actually has the pair of ADA/USDT, as you can see on the chart below has it that the currency under 5 Minutes of a chart view is on a bullish trending market after it last support at 0.8524, also the RSI below with a yellow line has also confirm a bullish move of the market price which a good point to buy hence at 0.8688 I proceed to buy with future trading with 32x leverage.

Strategically using the flag method and alod sides with the RSI shows a proof that the market is an uptrending market for the buyer, of which I make my entry to buy. As shown below on the screenshot.

Screenshot from Binance exchange

Screenshot from Binance exchange

Screenshot from Binance exchange

4. Your plan to hold it for a long time or when to sell? (Here you should justify every point briefly.)

Meanwhile since am using the leverage trading which is the Futures trade, basically is made for the scalper known as the short te traders which based on trading on any opportunities on the both side of buy and sell order, hence base on the kind of trading am into am expect to hold for a long time rather once a make me desire profit, then I will closed the market order.

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

Although every one has his or her own method, ideology, and kinds of trade they do but I personally can say Yes I can recommend it for those trading on spot trading to buy this currency and keep since we have observed that the token has a good greater future, judging from the previous reputation of the token, meanwhile I can't recommend it for those on short term trade (scalper) due to the risk involved.

Thanks for reading...