BNBUSDT /Buy| S6T3 - Team trading post for Fredquantum- kouba01 Traders team by @ahmadchemist737

In this lecture of trading I will use Binnance app for my trading purpose and I will chose the BNB/usdt pair for my trading in future wallet. Binnance is actually the world largest and safest platform to do the trading. It was invented by Changbang zhao in 2017 and later on it becomes so much famous due to its popularity and trust of the users.

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Basic introduction about BNB coin

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I have selected the BNB coin for my today trading post So here we will talk about some basic history and introduction about the BNB coin. BNB is the native token of the world number one exchange, it is Binnance own token. The name of its founder is chengpeng zhao. When binnance token was introduced it was on the platform of ERC 20. Initially it was bulit on platform of ethereum and now it has its own blockchain.

In july 2017 their ICO came in public from 10 cents. BNB went on public sale in September 2017 and, today we can see that how bigger it becomes from only 10 cents. Initially they worked on their use, the only use at that time was only you can pay the fee on binnance when making the trade if you are holding BNB. But now as binnance is become the number one exchange so the volume of BNB is also increased.

The maximum fee that binnance is charging as of today ranges from 0.1 to 0.001. In 2018 they created the binnance chain which was not so successful, it had many drawbacks and flopped, whose code was BP2. After that ,at the beginning of 2020, they created binnance smart chain and when it was launched in 202 ,a huge use case emerged in it. So after that blockchain their BNB token become the BNB coin.

The way anyone can develop their own token on ethereum platform, similarly people started developing their own token on binnance smart chain. It has less fee than ethereum as well as fast transaction. Its total supply is about 200 million. We can save our trading fee when doing trade on binnance exchange. One thing that important to know if you are working on canva to make design and you have to pay fee than you can get discount when you pay fee with BNB coin.

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Coin Market cap of BNB

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As we open the coin market cap of BNB we can see the all information about BNB coin as given below.

Header 1	Header 2
Ranked	4
Price	$410.7
Volume	0.02537
Market cap	$67218830770
Fully diluted market	$67218830408

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Market listing BNB coin in spot trading

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Social projects about BNB coin

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Reasons why I am optimistic about BNB coin

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The reason why we should buy BNB coin is that it is ranked 4 in the coin market cap at the time I am writing this article. So it means that it has high potential to make the profit and moves towards bullish trend in the market. Another reason is that the profit leverage on each coin is more than our expectations.

The BNB coin is also a digital currency that is traded online on the decentralized blockchain system but coin has an intermediary role in exchanging fiat currency to cryptocurrency. Binnance has multiple projects that are running at this time along with the Crypto exchange,and Binnance coin keeps the central importance in all these projects including binnance academy, binnance research project and digital wallet are the major projects of Binnance.

All these projects are adding huge capitalization to the BNB coin, this is the main reason why we need to buy BNB coin. Binnance is also so much important in cryptocurrency exchange because it provides its user with great infrastructure amd services.

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Technical analysis by using 3 different indicators

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Now I will move towards the most important part of the lecture that is technical analysis with the help of Indicator and strategies that we have learned in previous lessons. So lets start with indicators

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Trix indicator

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First we will use TRIX indicator and this indicator is represented by a line that present above and below the zero line of TRIX indicator. If the line of the Trix indicator cross the zero line and moves upward which means that there is Bullish trend and if the TRIX indicator line cross the zero line and moves downward than this will be the bearish signal and market will goes down.

In the above screenshot there is TRIX indicator is applied and you all can see that TRIX indicator line cross the zero line and moving in upward direction from zero line which indicates the bullish trend and market will go up.

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Relative strength index indicator

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Now I will RSI indicator in order to evaluate the market trends. Here are two positions by which we can go for either buy long or sell short. When the value of RSI is above 70 which means that market is overbought and now it will goes down. And when the value is at 30 or above it than it is a oversold area and now market will goes upward.

Here in the above screenshot after analyzing we can see that the value of RSI is below 70 almost at 59 which means that its time to enter the market as buy long.

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Moving Average indicator

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Moving Average indicator is also used to analyze the market trends. This indicator is very easy to use. When the line of moving average is below the price means that its time for the market to make a bullish trend while when line of moving average is above the price zone means it time to go for sell short.

In this above screenshot it can be seen that moving average line is below the price and price is moving upward so its time to enter the market as buy long.

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Real future trading on binnance exchange

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After analyzing the market trends I opened my binnance trading account to perform the trading. Here below screenshot are the proof of my trade.

Here I also put stop loss and take profit area to where I have to exit my trade weather in a loss or in profit.

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My plans about this trade and recommendation to others

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As far as my plan is concerned I will definitely do the trade for short period of time between my stop loss and take profit because I can't bear so much loss if there is sudden diversity in the market. So that is why I will do scalp trading in this trade.

We are just a student of the Crypto Academy where we came to learn so all of us should focus on the lecture of the professor and at first we should apply our knowledge in a demo trade account. And I recommended other to do so first they shoud learn the technical analysis from the professor lecture then apply it in a demo trade account and then go for real trading account. In this way we can learn more and more and also earn profit in this way.

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Information related to social media

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We can read the source code from here

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Conclusion

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So in this 2nd trade of this week I select BNB coin which is the native coin of the binnance exchange. BNB was invented in 2017 and make a great progress within no time it becomes coin by making it own blockchain. Then I discussed about basic introduction and history of BNB coin.
After that I explained some important feature of the BNB coin and also explain why I emphasis on buying this coin. After that the most important part of the lecture which is technical analysis is done by using 3 different indicators and in last I explained about my plan about this trade setup.

Cc
@kouba01