REPOST - TOMO/USDT Buy—Trading Competition - Crypto Academy / S6T3 - Homework post for pelon53.

Here is previous post link that got expire without curation
https://steemit.com/hive-108451/@kingworldline/tomo-usdt-buy-trading-competition-crypto-academy-s6t3-homework-post-for-pelon53

Good day all is quite a pleasure to be part of this competition with investors-teams6t3 Once again, which was headed by @pelon53, I therefore welcome every one of this, it is really a pleasure.

SOURCE

Hence for today occasion I will talking about the Tomochain

The name of the token and introduction of the project, Technical background of the project and team in charge of the project. In which Exchange or exchange can be negotiated

THE ORIGINATION BE OF THE TOMOCHAIN
The TOMOCHAIN is known as a public blockchain which is compatible with that of the Ethereum machine as regards to the mood of operation, hence this utilizes the delegated proof of stake as it's operating consensus protocol which was purposely initiated to reduce the amount of time spent in carrying out transactions the network fee, and as well to improved security and validation.

Hence this initiative was developed and founded in 2017 by Son Nguyen, Long Vuong Le lo, Tung Honann, hence the 2nd apha project was introduced in 2017 while the development of the blockchain take place during quarter of the year in 2017

Therefore the existence of this token (TOMO) was aimed at obtaining scalability that operate without the interference of the decentralization of the token, hence meaning that these project was initiated to enhance the speed of transactions, hence the consensus operating on the blockchain is known as the Proof of stake voting, hence the helps to achieve aim of this project

THE TOMOCHAIN TOKEN
The TOMO chain is a native token from the TOMOCHAIN blockchain which are used as fee in smart contract in the decentralized application which are built along side TOMOCHAIN network meanwhile $9.3M was actually realise in the 2017 and as well be in 2018 from that of the initial coin offering which is known as the (ICO) from that of the private, and public sale of the TOMO.

Hence according to the report from the Coinmarketcap, the token actually has the market capitalization of $117,612,015 with that if the circulating supply of $90,117,387 TOMO with a trading Volume of $8,061,108.

COINMARKETCAP

Hence thIs token (TOMO) has the all time high as $3.9318 and it low as $0.4664.

BINANCE

EXCHANGES WHERE TOMOCHAIN TOKEN CAN BE TRADED
Hence the following list below are the exchanges where this token can be found and as well traded in place of another token.

•Binance
•Kucoin
•Kraken
•Serum DEX
•FTX
•Lbank
•Gate.io
•Raydium
•Binance DEX
•MEXC
•Tokocrypto
•Coinone
•Bitrue
•Mandala Exchange

Technical analysis of tomo/usdt pair on trading

Based in the chart on TOMO/USDT on 15 Minutes time frame I viewed the chart as an consistent chart as regards to the price action which to maintain the the resistance and the Support price range at some point, hence with that I view the volume indicator I discovered is still in alignment with price action, then I view our a lesser time with 5 Minutes.

TRADINGVIEW

Then with the 5 Minutes I can define the direction the trend which was actually developing to as an uptrend with price setting up in the Bullish order after the formation be of the Head and Shoulders which literally means that the price action will change after the formation of this head and shoulders, which retrace with the direction of trend towards the bullish order, hence with this, i urgument this sentiment of my with 1 Minutes chart to make my entries with the necessary parameters.

TRADINGVIEW

Hence with the trend setting up I make my entry to purchase (Buy) towards the Bullish side while I take my profit ahead of my entry price that tries to sell with my stop loss below my entry price, of which I was able to yield profit with the following parameters used as shown below

TRADINGVIEW

Entry price: $1.3036
Take profit price: $1.3066
Stop loss: $1.290
Realized interest: $0.8254

BINANCE

What is your plan? Do you want to keep it for a long time? Or when to sell it?

For me I don't actually has the intention to hold this because I don't trade on spot, I could recommend this to those long term trader which trade on spot trade to take advantage of this token most especially as the token is trying to rise, hence I don't has any plan to hold this token for a long time due to the risk involved in Futures trading which liquidation and high leverage are also involved as the case may be.

Do you recommend that all people buy it? The reasons for recommending or not recommending it

I can strongly recommend it for those big investors in longer traders to trade on this and take the full advantage of this as respect to the token pair, mainly looking at the structure of these tokens on the below screenshot, is highly recommendable to every long term trader as shown below.

BINANCE

Conclusion

In this my write-up I was able to analyze the TOMOCHIN alongside with the a history behind the project, I was able to emphasize on the on the token and as well the market ochain, if which I was able make list of some exchanges where this time can be traded with order token as well.

Technically I was able to illustrate the token with some time frames on 15 Minutes, 5 Minutes and as well the 1 Minutes, of which I make my entry to buy and sell with the confluence of these 15, 5, and 1 Minutes charts, which was carried out on Binance Exchange with profit yielded.

Thanks for reading...

Cc: @pelon53
Am : @kingworldline