Hello everyone and welcome to the last week of steemit crypto academy season 6. After a successful 4 weeks of our usual lectures and 3 weeks of the new introduction of the crypto trading contests, season 6 concludes with one last week of crypto trading contests.

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Introduction.

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I am excited to be a part of this week's trading contest as it gives me the opportunity to learn about some crypto tokens and coins.

This week I decided to join the Investors trading team created by professor @pelon53.

I will be trading the Helium coin by presenting fundamental analysis and technical analysis using the Median Indicator and RSI indicator trading style.

Let's get into it.

Introducing The Helium (HNT) Coin.

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Helium, HNT is a cryptocurrency project launched in 2019. It's a decentralized project introduced to serve as a a blockchain network for "Internet of Things" devices.

The main objective for launching Helium was to serve as a platform that can allow wireless devices communicate with each other. Helium was founded by 3 people with a lot of experience in their fields. Shawn Fanning had a lot of experience in the music world after developing Napster, Sean Carey specialized in advertising and Amir Haleem had experience in the production of eGames.

These 3 came together and decided to bridge the gap between low powered wireless devices. This was achieved by developing a decentralized blockchain network that allows these wireless devices send messages to each other via nodes.

The nodes are run by individuals known as miners who are rewarded with the native currency of Helium, HNT.

The primary objective of Helium is to bridge the gap between wire "low" powered wireless devices and "high" powered wireless devices by improving communication infrastructure.

I earlier mentioned nodes as channels through which devices communicate. These nodes are hotspots users can buy or build. Nodes are very beneficial because they help Helium users mine HNT and also get network coverage.

Helium runs on the proof of coverage consensus algorithm. Proof of coverage is developed by HoneyBadger BFT protocol.

Since its introduction, Helium has gained some popularity and as such is being used by a lot of users. Because of that it has been listed on quite a number of popular exchange platforms such as Binance, Gate.io, KuCoin, FTX, Bybit, WazirX, Pionex, Hotbit, Korbit, etc.

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Why Am I Optimistic About This Token And How Long Do I Think It Would Rise?

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The Helium token is quite popular now and as the native currency of the Helium project, it has quite a number of use cases.

Studying the HNT currency and making my analysis on the coin, I think it has great potential. It's a good project and with more and improved education about it, more investors will be interested in purchasing the HNT coin.

I used the median indicator and the RSI indicator to do my analysis.

Price Statistics Of HNT.

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As at the time of writing, the HNT coin was valued at $24.39 with a circulating supply of 114,393,116.36 HNT, a market cap of $2,790,420,542, market rank #50 and a total supply of 223,000,000. HNT has a fully diluted market cap of $5,439,696,030, a 24hr volume of $99,775,852, and an All Time High of $55.22. HNT has an All Time Low of $0.2534.

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The All Time High was achieved 5 months ago on November 12th, 2021 and the All Time Low 2 years ago on July 10th 2020.

How To Analyze The Token?

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I am analyzing the HNT/USDT pair on tradingview with the median indicator and RSI trading indicator taught by professor fredquantum.

Identifying trends with the median indicator is quite easy since it is a trend based indicator. It's main job is to help traders identify good trading opportunities by confirming trends and giving out good signals.

The median indicator is made of upper, middle and lower bands of different colors. Generally, when the asset is in uptrend, the upper band is above the prices and is in green coloration with a formation of a green cloud. When there's downtrend, the lower band is below the prices, is purple and there's formation of purple cloud.

Just like other indicators, the median indicator is not perfect and so it is advisable to use with volume based indicators like RSI to confirm trends.

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From the chart above, I have indicated the buy entry after identifying the various parameters necessary to purchase HNT.

First of all, the RSI indicator is below the 30 level indicating that HNT is in oversold region likely to move into an uptrend. At this region, the sellers are losing control of the market and the buyers are getting ready to take over.

To confirm the signal, the median indicator has its upper band above the prices of HNT and there's a clear formation of an uptrend with the formation of the green cloud.

I therefore set my buy entry at $24.37, take profit at $24.84 and stop loss at $23.92. I purchased 0.45 HNT tokens with 10.9665 USDT.

**Screenshot of real trade from binance.

Screenshot of real trade from binance.

My Plan For HNT.

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From my research, I have realized Helium is a good project to invest in and hence I think the price of HNT will soon increase and break its current resistance.

Purchasing HNT last week would have yielded more profit by now but I do believe the price of HNT will continue to sky rocket. "HNT to the moon"!!!

I expect a good return on my investment very soon.

My intentions for HNT is to hold it long term for at least 6 months and if possible purchase more coins and hold it for years.

My Recommendations On HNT.

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HNT is the native token of decentralized network Helium. This means that it has its own blockchain and is intended for more use cases.

It was developed to bridge the gap between communication networks and as such has a good foundation.

The founders are well known people and can be trusted. I therefore recommend everyone to look into HNT and at least try to invest something small.

Conclusion.

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I must say thank you to the crypto academy team for introducing the trading contests. I have been able to identify and research on the Helium blockchain and its token HNT.

I used the Median indicator and the RSI for my technical analysis.

Thank you.