SHIB/USDT Crypto Academy Trading Competition - S6T3 | Team Reminane by @laser145

laser145 (67)Beginner[1,2,3,4]in SteemitCryptoAcademy • 2 years ago (edited)

We are going to perform the second activity of the week now I will use the SHIB/USDT pair with the teachers @reminiscence01 and @nane15, I will analyze in this activity SHIB/USDT so first I will perform a fundamental and psychological analysis of the market in question without further ado we begin.

SHIB/USDT:

Shib inu is a decentralized token that was created as a joke and as an option for Doge coin lovers, due to the high demand and acceptance by users with the decentralized doge token developers were forced to create a similar token as a joke with the name of the breed of a dog chiba inu giving a great % to the creator of Ethereum, therefore it became very popular in the networks and is a token that now.

I tell you that the creator's information is very scarce wants at this time to remain anonymous just like the creator of bitcoin, also the creator does not have shib inu in his wallet to be impartial in the project that if we see other developers we see that inflate the price to then sell and make the token fall every time it rises to a resistance the creator takes profits by selling assets.

Has compatibility with ETH is currently accepted by many online and conventional stores, this meme or token came out in 2020 wants to expand its project with the NFT and wants to create a very ambitious decentralized ecosystem in the digital market there is also talk of creating a video game. for the year 2023 the game will be ready

Currently you can see prices of shib inu on coinmarketcap at:

Source

The markets where Shib Inu is being sold and commercialized are as follows: the markets are growing because the acceptance of the token in the community is a resounding success.

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Technical analysis for shib/usdt 1m

First we define trends by looking at the 200MA moving average above the 50MA moving average we can see a definite bearish trend so we see a RSI in a range about to make a reversal also taking into account the ADX we see that just before the bounce to the 200MA average the ADX turns to us to take a little strength that bounce and produced a break of resistances in that temporality, therefore we can define this trade as successful as it produced an important pattern in the middle zone of the range to an exhaustion of it is to say that looking at the cloud of ichimoku acting as an important volume support then we can define that a change of uptrend for the next minutes is approaching.

Buy: 427.086Shib inu x 10.52$.

Sell: 427.086Shib inu x 10.54$.

Profit 0.02$ per transaction on this trade.

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Why I am bullish on this token

We look at shiba inu and i see a super strong token in extreme dips for example in this bearish season shib inu respected its support with no surprises or imbalances i can also see that to manipulate this token you need millions of dollars in shib which makes it very hard to manipulate, the tokens that the creator of ethereum had, he donated them to the indica and left shib inu a very strong token, that is, it is no longer possible to manipulate this movement like the chess pieces, at the beginning the currency fell because of the high sales but then it recovered with capital from all over the world, investors saw an open possibility to generate millionaire income with the token.

We also see that the project is going very well creating a stable ecosystem with moderate scalability and giving users the ability to interact with NFT online games and exchange between fidular and digital merchants is the union of decentralized trade with the centralized as these merchants began to accept shib inu as a means of payment in some parts of the world.

I recommend investing in Shib unu?

I will leave it to your discretion I am not an economist much less a financial advisor but I recommend at your discretion to invest in shiba inu for future about 5years at least from the time of investment in this way you can get a x5 of what you invested today, in 5 years later is a great solid project that every day is growing much more is in the top 15 in coinmarketcap and right now has a large capital reserves in addition to shibas are burned every time they are made transas acciones this makes the trade more interesting for the investor every day at this time according to my technical analysis are in buy mode for the temporality of the Journal.

Conclusion:

It was concrete the operation with real money in Binance what was used for this operation was a little more than 10$ per operation which was successfully given in the operation shown above we clearly see a downtrend and can be traded long if you know how to do it I do not recommend this type of activity for new people who are focusing on trading at this time. therefore the temporality used was 1m to be more agile operation. all methods used in trading were learned in the best academy on the web. #SteemitCryptoAcademy which shows once again high commitment to professionalism and didactic learning for all students of the academy.