IOST/USDT buy,Steemit Crypto Academy Trading Competition [TEAM FRONTLINE] - S6T4 homework post for team FRONTLINE by @alihussain07
The name and introduction of the project token, and which exchange can be traded on, project/technical/team background, etc.
Behind the ios2 ecosystem is bluehill a 50 millions dollar startup incubator, an accelerator formulated to be similar to ethereum consensus. Bluehill aims to support critical infrastructure and projects that will ultimately help advance the IOST ecosystem. IOST shares similarities to EOS and tron,both scalable smart contract platforms with high level of usage and opportunities for developers. IOST distinguish itself by claiming that it can process up to 100,000 transaction per second.The IOST platform eponymous tokens runs on their blockchain as an irc20 standard.
The IOST foundation also allowed individual to release their own irc20 tokens with the future they call the once click token launch. Digital assets like this are supported by block card and we can use them to find our block card account and make purchases at over 50 millions marchant worldwide. The total supply of Ios coin is about 22 billion and circulating supply is 50 billion. IOST was launched in 2017 and its mainnet was launched in 2019.
Why are you optimistic about this token today, and how long do you think it can rise?
First of all if we talk about team behind this project than we come to know that all the people are from the best universities of that area such as MIT, Stanford university, bijing University, Bristle University. Almost all the founder of this project are PhD from these top class universities. So that is why this project attracts the people a lot. If we take a point of view of different crypto trader about IOST so come to know that a famous crypto trader Maria said that its price will reaches to $0.1 in recent future.
How to analyze the token? (using the analysis knowledge learned from professors’ courses) - the most important part.
So Now I will do the technical analysis by using numbers of indicator that we have learned in previous lectures week. So lets start..
If we look at the behavior of the parabola SAR. We come to know that it gives us the indication of uptrend in the market. Because when we see behavior of parabolic SAR which is indicated by presence of dots ,we come to know that when dots are below the price candle than market will make a Bullish trend. So the same case is here and according to this indication I will go as buy long.
The next one is the Average indicator which is triple exponential moving average indicator. It is a combination of 2 exponential moving average and one simple moving average to make a TEMA indicator. While looking at the behavior TEMA indicator we see that TEMA indicator line is far below the candles of the price and if we see about trend of TEMA indicator then we come to know that when TEMA line is below the candles of the price it indicates the uptrend of the market and the same is here so according to this indication I will go for buy long
Now in this indication we will interpret the market by using EMA indicator and along with EMA indicator I will combine this with cross over strategy to make it more clear. Here I have selected 9 days average closing price Exponential Moving Average and 15 days closing price exponential moving average indicator.
Here we can see that 9 days EMA is crosses the 15 days EMA and now start moving in upward direction. So according to the sense of indicator it is a bullish trend and I will enter as buy long.
Real future trading on binnance exchange
So after indication from numbers of indicator I will go for real future trade on binnance exchange by using IOST/USDT pair
Do you intend to keep it for a long time or when to sell it?
As In all my previous article and trading competition as I am doing the scalp trading. I just keep my take profit and stop loss. Here I also keep my profit level at 0.04280 and stop loss at 0.04210 after some time I saw that the trade even reached above my take profit level so than I exit my trade and took my profit. Here you can see that my total profit is $1.1812.
Do you recommend everyone to buy? and the reasons for recommending/not recommending.
As far as recommendation to others as this project is of great importance. Especially when we look team behind it, they are highly qualified and well skilled person. All are PhD scholars. There is also a great indication from the Crypto trading expert that its price will increase very rapidly. So we should go for buying of IOST.
Anything other users want to share about the token/project.
Conclusion
So in this final article of week in which I select IOST/USDT pair . In the first section I give some information about IOST platform and team behind this project and then I do the technical analysis by using different numbers of indicator and the execute the trade on binnance exchange and when I reveal my profit i exit my trade. In the last I give some information about the Twitter account of the IOST.
Salam ali @alihussain07 i need some help.
Plz whatsup me 0349-6050500