I will used binnance for my trading purpose because of well known features of Binnance for me. In binnance there are 3 types of trade which is future,spot and margin trading. I mostly do future trade and sometimes spot trade in binnance exchange. Binnance is highly trusted exchange and only the token or coin which are real are listed on binnance

Binnance was introduced by Changbang zhao who was a Chinese and was lived Canada. He work for almost 7 years to make binnance as largest cryptocurrency exchange in the world. We can buy and sell cryptocurrency through p2p network.

Basic introduction of ATOM coin

Cosmos (atom) network is a decentralized ecosystem of independent blockchain that can scale and connect to one another. This includes not only blockchain that are bulit on Cosmos,but external blockchains such as Bitcoin and ethereum through what's called peg zone. Cosmos has already done some of the hard work for us here and has named this an internet of blockchain or IoB for short.

Cosmos (atom) was invented by jay kwon and he explained about these blockchain in such a way that each individual blockchain maintains control of its own goverence but also interoperable with some other blockchain in the network. Another advantage was that blockchain which do not utilize BET algorithm can be connected to the cosmos network via adopter blockchain.

The cosmos network is a dual layer blockchain ecosystem with native token cosmos ATOM to power its transaction. The first layer packages the network and consensus layer of blockchain into a generic engine. This allows developer to focus on the application development instead of the protocol which makes the network run.

ATOM is a proof of stake coin, which means that you can delegate your token into a validator pool and earn rewards on your holdings. In order to earn more you have to stake more ATOM. ATOM is highly famous due to some of its attributes such as scalability, usability and blockchain sovereignty.

Coin Market cap of ATOM

Project related to ATOM

Market/Exchanges listed ATOM

Why I am optimistic about ATOM coin.

The first reason is Tendermint , this is a solution that packages consensus and network layers of blockchain into a generic engine,so there will be less completely and more focused on developing the system. It not only allows the consensus to reach finality quickly but also increases the performance of the protocols. Due to this it can also handle thousands of transaction per second

The another reason behind the optimism in ATOM is varied consensus so the consensus mechanism of cosmos dependent on the underlying applications. If an application defines that validator will be selected based on the number of token they stake then the cosmos blockchain can be categorized as proof of stake.

Cosmos blockchain is highly scalable. This scalability is of two types which are vertical and horizontal scalability. The network scales the Blockchain application bulit on the top of it using vertical scaling to process the maximum number of transaction per second. Another reason is that team cosmos has huge support from several companies teams and foundation.

Technical analysis by using different indicators

Now we will do technical analysis in order to understand the market trend and to do a trade. These technical analysis is compulsory for us because without technical analysis we are no more even in a range of profit instead we will loss our assets. In technical analysis mostly indicators are used . Now we will understand the market by using different indicator.

Parabolic SAR
Parabolic SAR is an trend reversal indicator which can be used to determine the reversal of the trend in the market. Parabolic SAR is indicated by dots which are always above and below the price chart candle. In order to determine the bearish and bullish trend we can use these dots ,when these dots are above the price chart it means that there is bearish trend and when dots are below the price movement line than this will be bullish trend

In the above screenshot you can see that dots are below the market so I will go for buy long in this case I will go for buy long.

Relative strength index indicator
This is also an indicator that can be used to locate the overbought and oversold region in the crypto market. There two values on which we can decide weather we should go for sell short or buy long. If the value of RSI is at below 30 or above it but below 70 this will be the oversold region here we should go for buy long and when value is above 70 means that overbought region here we will go for sell short

In the above screenshot you can see that value of RSI is almost below 60 means I will go for buy long in this position.

Moving Average indicator

Moving Average indicator is used to locate the trend in the market although it is lagging indicator but for long term trading this can be used. Moving Average is indicated by a single line that present above or below the price candle. If the line is above the price which means here is bearish trend in the market and when moving average indicator line is below the price chart than this will be the Bullish trend in the market.

Here in above picture there is indicated of uptrend in the market and I will go for buy long.

Real future trade on binnance exchange

So after analyzing the market in above section now I will go for real trade on my binnance trading platform. I choose ATOM/usdt pair and I will do future trading on binnance. Jere below is the screenshot of my real trade in binnance

Here you can see that I also set the profit and also stop loss in my binnance platform.

My plan about this trade and recommendation to others.

As far as my plan is concerned I mostly go for scalping trading strategies and when I got some profit I just exit my trade. Here in this case I also do the same thing. As soon as my profit level reach I exit my trade and claim my profit. Here is the proof of my trade history.

As far as recommendation to others I will suggest all the user to learn and keep their strong grip on the technical analysis before entering the market. Because these are some sort of backbone for trading setup. As far ATOM is concerned it is at 10 position in coin market cap and has potential to go up so If anyone wants to buy he or she shoud buy in spot wallet.

anything else

Link of white paper

Conclusion

Here in this lecture which was the 3rd week of trading competition. In this I select the ATOM /usdt pair for future trading. In the first section I explained about the basic introduction about the binnance platform and also about the coin introduction. After that there is the most valuable and important part of our lecture that is technical analysis is discussed. Jere I understand the market with the help of three indicators. After that the real trade is done on binnance and also some information about social media is discussed.

Cc:
@kouba01
@fredquantum