REPOST | AUDIO/USDT Sell - Crypto Academy / S6T2- Team Trading Contest Post for Reminane

This is the link to my previous homework post which was graded but not curated
https://steemit.com/hive-108451/@gabikay/audio-usdt-sell-crypto-academy-s6t2-team-trading-contest-post-for-reminane

The name and introduction of the project token, which exchanges it can be traded on, project / technical information of the coin/ team background, etc.

Introduction to Audius?

Audius is a Blockchain project that is known for its music streaming. Audius launching is with the aim of bringing solution to the inefficiencies of the music industry such as lack of transparency of the Middlemen that stand in-between the audience and their artist and also intransparent music right ownership. It used to operate from the POA network but recently now operates on Solana.

The core aim of Audius project is to use it's platform in aligning the interest of artists, fans and node operators. An artist can now upload his music on the Audius platform and with the funtion of the content and discovery nodes, then the music can be stored and distributed hence letting fans to listen to the music for free. Content creators are currently rewarded on the Audius platform by way of featuring the artist in the weekly trending lists. Also, audius is making developments possible for content creators to recieve rewards in AUDIO token.

Founders of Audius

Two Californiabased entrepreneurs by name Roniel Rumberg and Forest Browning founded Audius in 2018. Roniel is an Alumnus of Stamford University. He is involved in kleiner Perkins as a co-founder and has also worked in some AI companies. Forrest browning is also an Alumnus of Stamford University. One is achievements is the co-founding of StacksWare.

The both founders are complemented by other employees over 20 in number and some reputable personalities such as Adam Goldberg; MD and co-founder of Stanford crypto, Bing Gordon; co-founder of EA Games and some others.

About AUDIO

AUDIO is the native token of Audius protocol. AUDIO has a price of $0.849, a total supply of 1 Billion tokens and has a circulating supply of 411 Million AUDIO tokens. It has a yearly inflation rate of 7%. AUDIO has a market cap of $505,222,716 and a trading volume of $26,046,094. AUDIO is ranked 115 on coinmarketcap.

p

AUDIO market place

Places where AUDIO token can be traded include

sn	Exchange	Pair
1	Binance	AUDIO/USDT, AUDIO/BUSD, AUDIO/BTC
2	KUCOIN	AUDIO/USDT, AUDIO/BTC
3	Gate.io	AUDIO/USDT
4	Bitstamp	AUDIO/USD, AUDIO/EUR, AUDIO/BTC
5	KRAKEN	AUDIO/USD, AUDIO/EUR

Why you are optimistic about this token today, and how long do you u wish it can rise.

Audius current existence has already began to impact the music industry at large as enthusiastic musicians are all pacing to join Audius. Audius unique welfare provision for it's content creators makes up the major factor of it being one of the best choice music platform for music artists. Audius is here to help musicians to get he most out of their music and so I believe it is here to stay.

Being able to attract the interest of music artists, Audius has also attracted very much investors to it's platform. We can know this by looking up total amount of staked Audius token by investors. Today, I am optimistic about Audius because it has a very important function in the blockchain industry. Because of the service which Audius provides, it has ability to attract more investors in the future and an increase in the investment on Audius platform will certainly bring about an increase in the value of AUDIO token.

How to analyze the token? (This can technical analysis and trading strategies learned from professor's courses) - This section is very important.

Your plan to hold it for a long time or when to sell.

Today, I will trade on AUDIO/USDT pair on Kucoin Exchange. I will use Multi-timeframe Analysis, Parabolic SAR indicator and Moving Average Cross.

The multi-timeframe is a kind of technical analysis method that is used to monitor different timelines of a particular market and then be able to detect which particular trend the market is into.

Parabolic SAR is a technical indicator that is used to determine the direction which an asset moves. It is also known as Stop And Reverse System (SAR). Parabolic SAR mainly works in trending markets and can be used to determine the trend direction.

The parabolic sar is displayed as a series of dots when graphically represented. If it goes below the current price, then it can be seen as a bullish signal. Likewise, if it appears above the current price, then it can be interpreted as a bearish signal. These signals can then be used to set stop-loss and take profit levels.

Moving Average Cross occurs when two MA lines intersect each other. MA Cross helps to identify the direction of the trend and also exposes potential entry positions in the market.

---

I wish to use the 15-minuites chart for my trade but firstly, I observe the 1-hour chart. Here, the market is in an uptrend but the parabolic sar above signals that a downtrend is on its way. Also, the both MA have crossed to signal a reversal in trend.

Next, I move to the 15-minuites chart. Here, the price has just reversed and is going in the downward direction. The MA cross and parabolic sar confirm the downtrend.

(

Lastly, I observe the 4-hours chart. Here, the market is in a general downtrend and the Parabolic SAR and MA cross signal that price may soon go up.

Since two timelines have indicated that that price is going downwards, I choose to trade using spot trade

Buy	filled	Sell	filled
$0.8498	5.8778 AUDIO	$0.8504	5.8778

After the sell trade got filled, I then made a $0.1 profit.

Do you recommend everyone to buy this token? Give reasons for your answer.

I plan to hold AUDIO token because the project behind this token is very solid and hence has the potential of attracting more investors. Also, I would say that AUDIO token is at its infant price now and hence should be invested upon now. I believe that AUDIO token is a worthy investment since music is one thing that is common and connect people all around the world.

regards to professor
@Reminiscence01
@nane15