Hello everyone, so I am here reposting my homework which was given by @dilchamo the previous week which I did on the first day, but did not receive the @steemcurator02 vote. Even though I had got 9 marks on my homework.
Here is the link to the post. [https://steemit.com/hive-108451/@maazmoid123/ata-usdt-buy-or-s6w2-or-team-trading-contest-post-for-fredquantum-kouba01-traders-team].
Good day everyone; I hope you all are doing fine. As in the past week, I participated in the CRYPTO-EMPIRES team this week; I am looking forward to joining the Fredquantum-Kouba01 Traders Team. I know I am participating late in the contest, but I hope to make all 5 trades. And I hope all the trades I will do will be in profits.
So let us begin with the post, and for the contest to trade, I have chosen ATA/USDT pair; you want to know WHY? so continue reading.
Why I Choose Automata (ATA)
Automata network is a decentralized service protocol that provides secure and private middleware to the Decentralized apps (Dapps). This network also works on the anonymous voting Miner Extractable Value (MEV) Minimization using the latest algorithms and cryptography.
Automata empower Web3.0 businesses and applications. It gives fewer frictions and high insurance transactions to its customers, and it also tackles the lack of transparency issues in the blockchain data of the users. It is also working on the MEV, which will act as the conveyor aiming to bring the Front running zones. In this network, a witness can vote without revealing their identity in zero gas fees, and also the voters can also delegate their voting power.
Automata were founded in 2019. The team of the Automate network has extensive experience in the crypto world; many researchers and industry veterans are in this team. The co-founders of this project have worked in many different and well-known projects like Zilliqa, Web3, FTX, and many others.
ATA is the native token of the Automata network.
Recent News about Automata Network
Fundamental Analysis
| Token Type | ERC-20, BEP-20 |
|---|---|
| Rank | # 449 |
| Market Cap | $68,879,749 |
| Volume | $20,285,896 |
| Total Supply | 1,000,000,000 |
| Circulating Supply | 172,252,000.00 ATA |
| All Time High | $2.55 |
| All Time Low | $0.3128 |
Market: There are more than 35 markets where the ATA coin is listed and traded. Some significant exchanges where the ATA is traded are:
- Binance
- KuCoin
- Gate.io and More
Wallet: Right now, there are three wallets where we can use the ATA token: and those wallets are:
- Trust Wallet
- MetaMask
- Binance Chain Wallet
Technical Analysis
As we know that I have chosen the ATA/USDT pair to make the trade. I have invested $42.35 in exchange for a 101 ATA coin.
I have used multiple indicators such as 2 EMAs, Ichimoku Cloud, RSI, and MACDto make the trade. The setting of all the indicators is on default except the EMAs, as I have put one EMA at 20 and the other EMA indicator 100 to minimize the noises and get the perfect signal.
So in the above screenshot, we can see that I have got the signals from all the indicators, as the Ichimoku cloud has made the green cloud, the EMA line is crossing each other and getting below the price candles, the MACD indicator has also crossed the signal line and showing the bullish level. And the RSi indicator is also showing that the buyers are getting control of the market, and the volume of the market is increasing.
After seeing all the indicators I have made my trade, I have plans to sell it in 2-3 days as I hope that I will get the required results in that time. But right now, the signals are showing the long-term bullish signal.
recommendation
Right now, if we see the market is volatile right now. I saw the BTC touching $45k and $ 41k in a single day just by yesterday. And we know that the price of every other token or coin is directly or indirectly connected with the price of BTC. So if you are planning to make the short-term trade, then enter the market after a good study of the market. But if you are thinking about long-term and even if you are thinking about 2-3 months trade. Then I think this is the right time to enter the market.
That was all from my today's contest post. I hope you all liked it.
Cc, @fredquantum
regards,
@maazmoid123
You are not eligible for upvote on this post. You have not uploaded the trade details on the Google form. Thank you.
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Oh okay yeah I am just too busy these days that I am forgetting many things lol even my quizes too. I know it will be a silly question but I want to ask that can I still fill out the form 😁.
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