REPOST LUNA /USDT Trading Competition - Crypto Academy / S6t4 - Homework post for pelon53.

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A big greeting dear community #SteemitCryptoAcademy today I come to formalize my attendance to the Team Investors group this week 4 with the teacher @pelon53 this week I will talk about a very particular currency is a token but can give many benefits in the future. I will perform this task very clear and presida that can be understood demonstrate that I master the subject learned during all these years in the academy.

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LUNA/USDT:

Luna is a blockchain layered to create smart contracts so that any user who has the need to interact with the Dapps can create in a very easy way a new project on the Terra blockchain, thus being able to contribute to the advancement and development of the entire ecosystem of this network.

Luna works with the Proof of Stake mechanism, thus contributing to avoid global warming, energy consumption and buying different high-tech and very expensive machines that work with the mechanism such as bitcoin.

Terra is competing hard with Ethereum to see which one is the best due to the strength of its project and the acceptance by users to work on the terra blockchain, this improves the speed of transactions and above all the gas that is paid for each transaction is less than ethereum.


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The exchanges where luna is located

Terra on the other hand is in different Exchange every day accepted by many trades throughout the global crypto ecosystem, for being a solid project and with a projection of projects able to compete directly with ethereum, the most known trades are the following Binance, Kucoin, Houbi, gate, bitfinex, bithumb, bybit, kraken, coinone, bittrex, okx, btcex etc.


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Why are you optimistic about this token today?

I really am optimistic with projects like terra luna po that his project has a very interesting reason to continue supporting me primearme its Consensus Mechanism, his long term project is very important because he is trying to compete with one of the most powerful networks in the world ethereun, you can create smart contracts, and besides that the speed of transactions, I still can not buy Luna as it is at a price that exceeds my capital ie I have other projects in minds in which I can with little money have in the long term a much larger capital is my old jobs I say so.

in this opportunity I will do some trading with this currency and demonstrate everything I have learned in the academy steemit, using the scalping technique as I enter into operation in a very short time. 5m to 1m all depends on the volatility of the market at the time of technical analysis.

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How much do you think it can go up?

According to the technical analysis of the daily we see that it is just now at an all time high breaking the important volume resistance in the 1D time frame for a total of 107$ we expect that it can go up a little more to 120$ 124$ generally when resistances are broken with double top is because the price will rise strongly in the next hours or days. therefore it may rise to an important level to correct to be very careful with this fixing us of our indicators mentioned above. possibly it can reach 124$ soon.

The price projection is totally bullish if we see the moving averages of 50ma and 200ma this in bullish position taking into account an important correction to the average to maintain a range and define trend on the daily looks bullish still with a lot of strength we can say that the strength in the ADX is moderate.


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LUNA/USDT real money transaction

I made a transaction LUNA/USDT buy and sell in the normal market, with real money, I bought an amount of sun equivalent to 13$ more or less respecting my strategy and following the guidelines raised in the academy looking patterns we see that it is in a very important uptrend.

Looking at the RSI I saw how that candle is being created and I decided to enter the trade at 106.80USDT placing my stop loss at 105.77$ below the previous support and my stake profit above my previous resistance to complete my risk management strategy I went 1:1.5.

LUNA/USDT Buy 106.80, 108.24, + 1.44$.

LUNA/USDT Buy 11.748, 11.906, +0.1584$.


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Do you recommend everyone to buy it? The reasons for recommending it or not recommending it

I am not a financial advisor the only way I recommend to buy an asset is if you do your own technical analysis and execute your proposed strategy, but if I could recommend something LUNA is an optimal project that in the future could cost several thousand dollars per asset unit, that is still a long way to go and goals to achieve, also because of the high cost and for me out of my hands to buy it but I can tell other investors if you feel brought by LUNA right now is not time to buy as it could correct a little that great rise that brings.

Although it broke the resistance and reached its historical maximum I can say that it could rise to $124 or so to correct and maintain or change its trend. For now it has a very important uptrend with a very large force so we can define that a correction is coming soon in the daily so be careful with this.

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Conclusion

Luna is an innovative project that was created in order to improve some problems that have other networks such as scalability, speed, economize gas payments, and create smart contracts in addition to working with the consensus protocol and thus reduce energy expenditure I think this will be the future of currencies I speak in the long term.

the technical analysis and operations were optimal technically speaking and I operated the market with a very fast scalping method in 5 minutes so the operation did not take long to execute. following the guidelines and experience gained in the academy I could achieve the objectives set.

@pelon53

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