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Hello dear community this is my second assignment this week for the Investors-Team group with the teachers @pelon53 and @imagen so let's start with the assignment today I will talk about a new token.
The name and introduction of the project token, and on which exchange it can be traded, project/team/technical background
Shib inu was born as a meme coin in the decentralized network that was created by an anonymous character named Ryoshi this meme coin was born with the particularity of competing directly with Doge coin, who is a very popular meme coin nowadays is now more of a project just like shib inu, the coin half of this meme coin was donated to a wallet of the creator of Ethereum who would later donate everything to Indian charity.
Now there is not much information about its creator like the creator of bitcoin what I have heard and researched is that supposedly the creator does not have a single shib inu in his wallet so he can be impartial in the project compared to other creators who have large amounts in his wallet and what they do is to take liquidities at certain points.
It is compatible with ethereum and is accepted by multiple trades currently is a fairly imnovador project that has been evolving over time remember that this meme came out in 2020 as a meme now is a fairly strong project in the market even creating itself its own ecosystem of token nft and now with video games. it is believed that in mid 2022 and early 2023 the game will be ready for beta mode.
It can be seen on coinmarketcap at a value of 0.00002561.
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The markets in which they appear. Currently shiba inu is a currency that is being accepted by thousands of markets worldwide, even in centralized, solid merchandise combinational businesses.
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Why I am bullish on this token today and how long you think it can go up
chib inu has become a very popular currency for trading because of its high capital and a currency that is burning daily its value is not very affected compared to other markets, the liquidity continues to increase and this is something very essential in an asset or project of this type, in addition to the great acceptance by traders not simply ditals but also in commercial premises in different parts of the world such as in new you, venezuela etc.
in the fundamental analysis the project is very good because it aims to create a digital ecosystem based on a game and the NFT something that will attract more investors therefore the coin will have more demand and this will make the price go up something very smart by the developers I will buy this coin to lode for a few years.
I will place my order and the corresponding technical analysis with real money in Shib Inu.
My technical analysis for 5min a very fast scalping also known as quick trading is a way to trade very short term. according to my knowledge I saw the opportunity to put a long since in the RSI I see it in oversold, and with a positive directionality above the 40 range, then I decided to put the scalping just above the start of the previous red candle and that would be my stake profit. above that resistance to ensure the operation.
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The purchase orders were as follows:
Buy a total of 487.792Shib inu for a total of 12.21$.
Sold a total of 487.792 shib inu for a total of 12.24$.
For a total profit + $0.03 for the scalping trade.
to be effectively proven that my strategy works.
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Recommendations for investors if you want to buy shib inu.
For me it is a great project shib inu is a coin too good for the price at which this and is in a position to holdear in the long term very excellent all those who buy this coin have taken something in the course of the years we must take advantage of the world of the NFT is still in diapers ie when the project starts and is established with the NFT and GAMING the token will soar and go straight to the moon, These hits must be taken advantage of before they are given because then the news will come when the movement is fulfilled my personal recommendation is to buy shib inu and holdem to complete their goals everyone is responsible for their actions.
Conclusion:
I have effectively traded with shib inu and the transactions thanks to my knowledge have come out positively for me I believe I have the knowledge to continue trading the market on any platform and in any market since the experience given by the academy in more than 1 year of learning has given me this great academic knowledge.
something very important cryptocurrencies are very volatile change trends very fast and no indicator is 100% therefore fundamental analysis is very important in addition to the sentimental analysis of the token or digital asset in which you want to operate if you are new my recommendation is to seek to study and acquire all the knowledge before operating with real money.
BY @jensys888
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