Assalamualaikum!

I hope all of you will be fine and safe.I am Zeeshan Manzoor with username @shano49.
I am happy to participate in this contest.This contest is of quit significance, because due current bull run of market.

Me as a trader

I have been trading since 2020. I have been trading on binance. In this period I have left trading for multiple times because I lost all my assets in various trades. I have been liquidated in 2021 and lost about 100$.Than I took away myself from trading.
In 2022 again I collected some amount of 150 $ and in this during June 2022 when market was crashed and Bitcoin declined from 32000$ to 16000$ due to heavy resistance. I liquidated on a single day.
Than I again collected about 300$ in August 2023 . I was going well but again market crashed.Bitcoin declined from 34000$ to 25000$. My account was liquidated.
In this time period I learned many things,like technical analysis.

• candle sticks
• various indicators
  This was my last disastrous journey in cryptocurrency.
  Now I am working on Steemit and simultaneously trading.

Considering the current cryptocurrency bull market, what are your specific predictions for the price and performance of the Steem token by the end of 2024? What are the key factors you considered in developing this forecast, and how might these influence Steem's trajectory in the cryptocurrency landscape this year?

In order to predict the price any coin specifically Steem we should keep in mind that the price of any coin i.e Steem rely on the the price of Bitcoin.All coins go in bull or bear trends when Bitcoin go in bull run or bear run trends.
Now I am going to share some stats according to my prediction.

Now I am going to share the graph of Steem

The price at which there are huge selling orders. When the price reached at this point,price will be go down.

The point where huge number of buying orders are taken place. When price reached at that point price will rises.
The price of Steem is going bounce back about 0.66$ now it is traded at 0.33$. The resistance ia at about 0.35$. When price click on this and rises above. One thing will be keep it in mind if next candle is also bullish than we will go for buy.
The price of Steem will be about 0.7$ at the end of 2024.
Fey factors
I predicted this according to technical analysis.
I use various indicators.

• moving average
• RSI indicator
• Volume
• Candle sticks
  These will be used to predict price of Steem.I am very hopeful about my prediction.

What technical indicators do you currently recommend to assess the upward trend of the Steem token in the cryptocurrency markets, and why are these indicators relevant in the current context?

I will use the following indicators

• Moving average indicators
• RSI
• Volume

Moving average is the stataical technique which is used to find average for specific time period.
For example,
If we are going to find MA of ten days than we will find it by adding the closing prices of 10 days and divided by 10. The answer will be moving average.
Now how this is helpful in predicting either Steem follow bullish trend or bearish?
If the MA is greater than current price the steem is going to move in bearish trend.Here I have a secret to tell you is that if it's below the current price the MA will act as support and price will go up.
If MA is greater than current price of Steem,this will act as resistance and coin will follow downward trend.Price will face declined.
Here is data of 10 periods which reflects above situation

• 0.2715
• 0.212
• 0.2559
• 0.2500
• 0.2198
• 0.1748
• 0.1538
• 0.1887
• 0.1784
• 0.1816

After adding these this will be 2.057
Now divide 2.057/10
We will get 0.2057$ price but current price is 0.3303$.

This indicator is used to predict the trends for example upward or downward. This is also used to predict trend reversal.
It has values between 0 to 100.
Upward trend
When it's value is from 30 to 80 but in upward direction. This shows that price will rise . When it's value is a above 80 it shows trend reversal.
Downward trend

When it's value is above 80 price will go down.The second condition is that when it's value below 30 it will also down .
Volume
Volume can also be used to predict the trends. There are situations which confused us.

• volume rises but price declined
• volume rises and price also rises
  When volume rises at support level the price will also rises.

These are important to predict next trend is either upward or downward.We can predict price trend using these .Here are some pattern

• Hammer
• Engulfing
• Morning star
• Evening star
• Doji

Explain in detail the fundamental characteristics of the Steem blockchain that could contribute to its success in a cryptocurrency bull market. How does Steem's underlying technology stand out from other projects?

Steemit is social. media platform which gave rewards to it's users on writing content. It gives rewards to them in the form of native cryptocurrencySteem.This increase the buyers in market. One interesting thing is that when they are rewarded with Steem they are in crypto trading in spot. Because price of Steem fluctuate in every second.When price rises they automatically in favour but some or may be many people don't know about this fact.
Steem is decentralized coin which has high security.

Here are some features of Steem blockchain. I have tried to make it simple for understanding.

• Content Rewards
• User Voting
• Community Governance
• Fast Transactions
• Fair Resource Allocation
• Interoperability
• Active Community

This is the most important feature of Steem.In this users are rewarded for their quality content.The rewards depends on the quality of content.

This is the source of earnings. I mean users earn rewards when they voted on posts which they like. The voting power depends upon Steem power .Steem power is just like staking. Steem has organized people who voted like ,
steemcurator01
steemcurator02 e.t.c

In Steem blockchain community Governance is that people who holds Steem have the power to propose or make changes in Steem platform.The descions are made according to voting.If there are more votes in favour of proposal, it will be approved or if less voting it will be rejected.

In Steem blockchain users enjoyed fast Transactions through Delegated proof of stake census mechanism.Here some trusted block producers are responsible for adding transactions to blockchain and quickly able to make transactions.Its decentralized and quick.

Steem equally divide the resources which are required for performing activities like posting, commenting and voting equally among it's users. This allows to perform activities like participate in contests and many more.

This is the group of people who are most active and taking part in platform activities like contest writers, commenters and voters. This group include curators, authors, investors and other stakeholders.These people are basically the pillars of Steemit platform.

This is the most advanced feature of Steem blockchain it can also interact with other blockchains to exchange data.
For example Steem blockchain interact with Dapps, other cryptocurrency wallets and exchanges.

Steem stand out or different from other projects due to it's versatile features. It pays off to users for content,fair allocation of resources,fast transactions,user voting, community Governance and many more things.

How has the actual adoption and usage of the Steem blockchain by users and applications evolved recently? How might these factors influence the continued growth of the Steem token in a cryptocurrency bull market?

The usage of Steemit platform and adoption by the people is increasing due to multiple reasons. I will try to elaborate some things with you.
First thing is that Steem provides opportunity to all those people who are willing to work on Steem Blockchain. They write content and earn handsome amount. This is the most important thing that it provides platform to them without any investment.
The second thing is that Steem offer high rewards to it's users. When users got more reward they become more active and when they are more active this increase engagement. This is beneficial for both Steem and it's users. Others things are it's decentralized state,high security and fair allocation of resources.Now Steem is offered steem dollsrs to users. This increase rewards.When users buy Steem from market using SBD this increase the buying ratio which has positive impact on price.
Such activities are very helpful for in growing like a environment when cryptocurrency is in bull run. When more Steem are started to buy in spot, this will rise the price of Steem . This will be in favour of all stakeholders.

In the context of the bull market of cryptocurrencies, how does the Steem token position itself compared to other similar projects? What market trends do you identify as being crucial to the short and long term success of the Steem token?

In the context of bull market of cryptocurrency the future of steem is looking bright.In sense it increase it's users ,when users are increasing posting, commenting, voting and engagement also increase.This enhanced the rewards and steem have to pay rewards in terms of Steem coin and we know Steem is native coin of this platform.When more steems are given to users this has positive impact on Steem price.
THE success of this project is dependent on the platform Steemit. This is social media application. This strengthen Steem to significant values . When this platform is working properly and a bull run is currently started,now Steem will show growth more than other projects like it.If we want to get success on this steem coin, hold it for long time.It will be double in price im upcoming months.If you want to earn short term profit sold it now ,price is about 1/3 $.

conclusion

Now I would would concluded it on these words cryptocurrency Bull run has started and almost every coin is rising.Steem is also showing upward trend. It's an opportunity to buy Steem or hold for longer time , this will pays you double.We should have at least knowledge of technical analysis. They works on normal routine and only cause fluctuations when there is a sudden change in market.
I hope you will enjoyed my post.I have explained all the facts which I know.

Invitation

I invited my friends@abdullahw2,@steemdoctor1,@radjasalman , @huraira50, @neelofar, @virajherath, @gsiscolors to participate in this contes.

Achievement 1

https://steemit.com/hive-172186/@shano49/achievement-1-introduce-myself