Crypto Academy ||Season 3 ||Week 5 - Homework Post for [@imagen ] …by @kingworldline

Is a good day and as well my pleasure to welcome you on my homework of which my professor @imagen has impacted basic and advance knowledge on market pattern and blockchain project
into our believe system to interprete it and utilise it as well.

Question One
1.) Choose at least 1 of the following cryptocurrencies.

Axie Infinity AXS

Chilliz CHZ

Cardano ADA

VeChain VET

Make an investment of $ 12 or more. Show screenshots of the process. Why did you choose this cryptocurrency? What is it Market Capitalization? What is it position in the cryptoasset rankings? What is the objective of the project behind this coin? Who founded this coin? Show the roadmap.

What is the specific purpose of the cryptocurrency?

With the names of cryptocurrencies shortlisted in above question, i choosed cardano (ADA) as the currency i want to invest on which i invested 15 USDT in order to place investment on it.

To start with am going to use my varified Kucoin account to perform this particular investment, on the kucoin i have some existing USDT on my exchange wallet of which i will use to fulfil the minimum 12 USDT demanded for the investment.

Then i have to pair it up with the USDT cardano with acronym of (ADA).

Then i place an order to buy the (ADA).
of which i set up my price and invest my USDT

I have bought Cardano below is screen shot.

Why Did You Choose Cardano Cryptocurrency?

The following is the reasons while choose it over others.

• The blockchain is very fast and scalable and defi can run on it at a cheap rate, and this cardano is design for defi.

• Another reason i choose is that on the log currently is ranked 5th which shows that it is an fast growing currency to invest on than others.

• I invested on it due to i have a very big intension to leave it there for a very long time as an investment.

• Cardona is welcomed and as well adopted in many part of the world.

•This is well built fo merging market sells.

•It make use of proof of stake which fasten tansactions.

•Cardona is cheap to get and to invest compare to Bitcoin and Etheruem.

What Is It Market Capialization?

Market Capitalization (market Cap) This is most recent market values a of a company's outstanding shares, which means that the current share should be equal to the company outstanding share which is multiply by the number of shares outstanding.

Therefore the market capitalisation for cardona is $41,961,449,589.25USD. as of the time i screenshoted it.

What Is The Position In the Crytoasset Ranking?

As regards to the question, cardona Known as (ADA) is seen and spoted at the 5th position among orders according to the coin market cap.

What Is The Objective Of The Project Behind This Coin?

Cardona objective is to enable cross chain transfer through a side chains which manage transaction of two side chain and as well to create a sustainable ecosystem.

It create ways for individuals or institutions to pick out metadata which is related to transaction and identity to enable trading.

Who Founded This Coin? Show The Roadmap
Cardona was founded by Charles Hoskinson also the co-founder of a Ethereum backed then in 2015, when it was launched.

Link

The Road Map Development And Team Are As Follows

•1 Byron Era: The foundation
Byron

•2 Shelley Era: The second
Shelley

•3 Goguen Era: The Third
Goguen

•4 Basho Era: The Fourth
Basho

•5 Voltaire Era: The Fifth
Voltaire

What Is The Main Purpose Of Cryptocurrency?

•Expansion of applications.

•Development of scaling.

•Genuine ICOs.

•Lucidity on guildeline.

•Speculation from monetary organisation.

Road Map For Cardano

This is based on the summary of cardano future which determine the development in there agenda they have over the currency.

There road map includes the following sequential order which comes in each era in line with research, prototyping and as well development in different stream.

The work done in each era is gathered and presented in a page for the year which contains the goal of the era, core functional component, there researches, real time code commits and as well the status update.

2.) Explain in your own words what the "Evening Star" pattern consists of. What is its hit rate?

Link

Evening Star is a bearish reversal of a cadlestick which consist of pattern and three basic candle which consist of the big bullish candlestick, a small- bodied candle and a bearish candle.

The evening star pattern appear at top level of the uptrend which shows that the uptrend will end up soon.

Since there is pattern that will show that a trend is coming to an end, they should be an opposite side of it which
which is known as morning star which is known as the bullish reversal candlestick parttern.

To identify the evening star pattern the following should be considered.
The Evening Star is made up and consist of the three candlestick being a star.
•The first candlestick in the evening star must be of up candle which may be White or green with a large body which is the bullish.

The second candlestick is the star with a short, small body which is separated from the first body of the candlestick, the gabe in between the the two bodies is known as Doji.

The third is the big red candle known as the bearish.

This signal which surface as the star shows and as well signal that the buyers are weak to push up the price.
The Evening Star shows the bearish reversal of the uptrend price because the price rises and break out as downtrend.

The hit rate for evening star is at 72% at a successfully rate.

Question Three
3.) Explain in your own words what the pattern "Abandoned Baby" consists of. What is the percentage candle correct?

Link

Abandoned Baby pattern this is a reversal of downtrend formed in the the down trend and are made up of three bars which the first candle is know as the bearish which is followed by a gap known as a Doji candle in the downside of the first Candle stick. The second open higher than the doji which move towards the upside, which means the the price is expected to move higher which means the sellers are least temporary exhausted

Fact to know are about the bullish baby;

•The bullish abandoned baby is of three pattern which follows downtrend

•This comprises of a strong downtrend candle and a gapped down doji and as well a strong bullish candle which gap it up.

•The pattern formed shows the potential end of the down trend and the start of a price.

The abandoned baby is made up of the
•The first bar known as the large down candle stick which defines a downtrend which have to be negative.

• The second is the doji candle which gap down below the first bar.

•The third is the large white or green candle that open over the second bar and end up as bullish.

And it percentage correct is 65%

Question Four
4.) Perform analysis for 3 and 7 recent calendar days for Bitcoin Do you identify any patterns? Show screenshots

Pattern and their meaning

•The Bearish Engulf pattern: This shows a up when ever the last bullish candle is totally engulfed by the next bearish candle

•Evening Star: is a bearish reversal of a cadlestick which consist of pattern and three basic candle which consist of the big bullish candlestick

• Three Black Cows: This signifies the end of a bullish run.

•Railroad Track Pattern: This is a candle stick made of two in which one is the bullish and the other is the bearish, with the same length parallel to each other.

For the three (3) days calender for BTC i was able to observe and figure out the below pattern in the chart.

•The engulfment pattern
•Three black cows
•The three sidiers

For the (7) seven days calender for BTC i was able to figure out the below pattern on my chart.

•The white soldier pattern
•Black cowspattern
•Engulfment pattern
•Evening star pattern
•The railroad patteen

Conclusion

In conclusion the market pattern and block chain project as cover alot of knowledge as regards to different kinds of pattern which are used to dictect and monitor the market.

Base on this study i was able to conclude an investment on ADA using USDT and research on it capitalization and roadmap and so on.

Finally, this topic have shown how the different individual candle stick has common relationship in other to interprete some raw information.

My Regards to
@imagen my professor

Am kingworldline

THANKS..