KAVA /USDT Trading Competition - Crypto Academy / S6t4 - Homework post for @pelon53.


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Power point

In my third participation of the week S6t4 in the Team Investors-Team group led by Professor @pelon53 I come to talk about a very interesting new currency I know you will like, your project, your interest, the development that I will be creating next is very important for learning and knowledge of this project a big greeting to the whole community I hope you are having a great time here.

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KAVA/USDT:

KAVA is developed by Brian Kerr is the CEO, Ruaridh O'Donnell and Scott Stuart. on the Cosmo network is a decentralized platform that makes loans and works with any network, one of the big advantages is that it is not developed on the Ethereum network as we usually see it, which makes it more feasible to make loans in any cryptocurrency from multiple networks. since it is not on the Ethereum network the fees are lower and the speed is higher.

This platform can be found in 3 modules which are:

MINT:

In this module users can make loan requests using any cryptocurrency as collateral.

LENDING:

Here the user can lend the money and gets profit for the loan given to the platform here depends on the time and amount of money.

SWAP:

This part is important, it is responsible for exchanging any type of currency according to the user's need, the best thing about this is that the payments of gas tariffs are very cheap.

Kava is also a governance token and is used to vote and decide on any proposal on the platform can be placed in staking, this token works with proof of participation which users have to validate transactions for this way get a reward which makes kava is very green something important for the environment.

We see on coinmarketcap that kava currently has a value of $4.45 per token.


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Current markets:

Currently we see that KAVA TOKEN is in several famous markets such as Binance, kraken, huobi, coinone, mexc, kucoin, bitrue etc. something that has made it famous is the interest from users in this opportunity we see that it is growing very fast and it is a solid and genius project currently we can see it in Market Rank #106 with a capital of $744,780,862.15 a total suplay
Circulating Supply 167,461,185 KAVA
Total Supply 173,657,543 KAVA


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Why are you optimistic about this token today?

I am optimistic about KAVA because of its great project of lending in stable cryptocurrencies kava, it gives us security, comfort, it also gives the opportunity to investors to do stalking and give a reward not only for that but also that this project takes care of the environment by the proof of active participation that makes it a high category project that is climbing the rankin step by step and steady step, it consists of a strong team of intellectual developers very skilled in the area.

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How high do you think it can go?

KAVA/USDT /1D

We see that the trend is bearish as it broke an important support and the highs are now lower and the lows remain in a consolidation range to make a decision I think the price according to my technical analysis in the daily can go up in this year November or December at the latest. my reward if you bought high and do not need the money yet do not sell if you are accumulating will come the time in this same year as the price action and the project are wonderful have peaks up to 9$ more than half of what it is worth right now.

So stay calm this is currently in the process of major correction for the 4 hour chart do not buy at this time but do hold firm if you have any assets in KAVA right now you can see that the project has a lot of potential that is yet to explode.


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Real money trading of KAVA/USDT

To make this trade I used several very valuable indicators that I learned to use in the academy, moving average, RSI, ADX, plus the ichimoku indicator looking a little bit at the 5m chart I see a clear break of support and a move in the moving averages crossing to indicate the death cross pattern, besides that the ichimoku tells me that it is in a downtrend as it is below the red cloud that acts as a strong resistance in this case I see that in the RSI reaches me the range of 30 and exceeds it even reaching 11 this is a clear example that it is in oversold, looking at the ADX to confirm the pattern that I already knew is forming shark fin I see that I start to turn down giving a downtrend weakness.

In the correction just after the first green candle I entered in operation just above the red candle that I had previously that was my resistance I saw it in a class of a teacher who is no longer in the academy and I remembered that class and immediately process to place the stop and my stake profit which I did in the following important points.

I bought 22.7KAVA for this trade for a total of 100USDT.

KAVA/USDT Buy 4.391, 4.538, +0.147$.

KAVA/USDT Buy 100.63 , 102.5588, +1.9288$.


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Do you recommend everyone to buy it? Reasons to recommend or not to recommend

I do not recommend buying KAVA at this time for several reasons one of them is that I am not a financial advisor the second is that right now in the 4H chart is in the process of correction to the moving average to make decisions to go up or follow the downtrend that brings since the break of the most important previous support marked in the illustration above.

If you follow kava I am sure you will find the right place to buy KAVA if it suits you to have it right now it is not recommended to buy it I always recommend to students or new users to make their own technical analysis so they can find the right place and try to trade the market of any digital asset.

Kava really is not for everyone because there are several factors that influence the most important the time, and acceptance by users kava is for more in the future about 5 to 10 years of investment and wait that way you can see a great benefit if you do not have the capital to leave it frozen for that time kava is not for you unfortunately.

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Conclusion:

I have successfully performed the KAVA/USD trade on the 5min chart therefore I made very considerable profits for the time frame it brought i.e. it is a pretty difficult to hold or trade token in the current market I saw that opportunity to buy KAVA with that shark fin pattern that I could not hold myself to put a long placing a stop loss just below the support and the stop profit at the beginning of the red candle that was formed. these are operations that occur and should not be forgiven if all indicators RSI, ICHIMOKU, ADX and moving averages give you then operate without fear of success. apply everything I learned in the academy to perform the analysis for this task 3 that I am completing today I hope you like it and God bless you all. see you in my next operation.

Thank you for your attention:

Cc:
@pelon53

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