REPOSTED || [IOTXUSDT BUY]-Steemit Crypto Academy | S6T3 | Team Trading Contest Post for Reminane".

Orginal post link Below 👇👇

https://steemit.com/hive-108451/@pocoloco01/iotxusdt-buy-steemit-crypto-academy-or-s6t3-or-team-trading-contest-post-for-reminane

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

The name of the project I will be talking about today is IoTeX.

This is a decentralized protocol established by a union of 4 blockchain developer experts, which are Kevan Guo, Raullen Chai, Jing Sun, and Xinxin Fan. This team has at one time worked separately with several projects in blockchain technology and has all come together and brought their unique mastery and experiences to birth this wonderful platform.

IoTeX is a decentralized platform launched in 2017 initially as an open-source which gives rise to the good relationship between machines and people with sure trust and under a properly crafted economic basis. The platform has witnessed so much development after the time it was established. In April 2019, There was an advance to Ethereum Virtual Machine(EVM) compatible blockchain through the new notion of Dpos consensus. This was made feasible by the IoTeX 40 man analysis scientist and engineers worldwide. A total of 10million transactions and more have been carried out on the new innovative technology.
The team also built an 'iopay' application that connects to Heco, Ethereum, Binance Smart chain blockchain, and ioTube bridge. This innovation helps in lessening gas fees of transactions to a very meager cost and the platform is used by thousands of users at the same time due to it's flexibility and scalability.

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Exchanges Traded

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This token is traded currently in so many centralized and decentralized exchanges across the world. The screenshot below shows them.

Source: coinmarketcap.

Source: coinmarketcap.

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Technical/Fundamental Background

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This includes the daily trading volume, Total supply, market capitalization, all-time high, an all-time low, and then so many other things included in my screenshot below.

Source: coinmarketcap.

Why are you bullish on this token today and how long do you think it can rise?

I am bullish on this token today because I carried out my research properly with what was taught last week coupled with a good fundamental news as well and I got a good entry that will give me a good profit.

I feel the coin will rise to my take profit if it goes well or to my stop loss if it's unfavorable.

How to analyze the token? (In this part you should preferably use the knowledge you have acquired in these weeks of learning at the academy, for example, follow what I learned in my class or that of my teammate.)

I made use of the Median Indicator and Fundamental Analysis surrounding the token.

There was a fundamental news released yesterday stating that the IOTEX team partnered with the Google team for a web3 collaboration and this caused massive bullish move on the price.

Source: Twitter

Then I used the median indicator which was taught last week and it showed the green band which signifies an uptrend which helped me to confirm the fundamental news and then I placed the buy order.

Source: Tradingview

I took my entry at 0.09425$, then my stop loss @ 0.09105$, and my take profit @ 0.10145$ above the resistance level .

Source:Binance

The screenshot below shows the progress of the trade.

Source:Binance

Your plan to keep it for a long time or when to sell it?

I only plan on holding the trade for a short while as it has been shown in my trading view analysis.
I only expect to take profit when it gets to my marked point or leave the market in loss when it gets to my stop loss.

Do you recommend everyone to buy? Give reasons for recommending or not recommending.

I can recommend everyone to enter the trade with my analysis but it's wise if they can further verify the analysis by doing your further research as well.

I will as well advise you to get the coin for the long term because they have a lot to offer in the upcoming web 3 hype that is coming to the cryptocurrency market. They recently partnered with Google on the future of web3. You can further your research as well but for me, I already have some stored and staked in the iopay wallet.

Anything other users want to share about the token/project.

I will like to share the social media platforms of this coin.

Telegram: https://t.me/iotexchannel

Facebook: https://m.facebook.com/iotex.io

Twitter: https://mobile.twitter.com/iotex_io

Webpage: https://iotex.io/

Medium: https://medium.com/@iotex

Thanks prof @nane15