I have chosen binnance for my trading question in this lecture. There are many exchanges in the Crypto world but I mostly prefer to use Binnance as cryptocurrency exchange. Fact is that I am using this since 2 years that is why I lt looks good to me and I am also quite familiar with its features. Binnance was founded by Changbang zhao who was the main man behind the success of Binnance and making it the world best crypto exchange in the world.

The features of Binnance include its best security system. Binnance is highly trusted exchange among all the crypto currency exchanges. The is a reward system is also present in binnance which is given by completing different task. The is p2p network for the buy and selling of cryptocurrency. Here we can buy usdt ,btc bnb etc.

There are three main types of trading in binnance that are future trading,spot trading and margin trading. Spot is a simple way of buying when market is down and sell when market is up. While future is different from this. Here we can trade more than the assets that we have in our wallet.

Basic information about FTM

Fantom (FTM) is a fast as well as flexible next generation blockchain. Ot was founded by the Dr ahn Byungk and it co worker. So FTM is a smart contract enable blockchain that provide a robust environment for decentralization apps development. Ftm uses a DAG and DAG is actually not a blockchain. In blockchain each block contain data but each block must have one before it and one after it, so its a chain.

While in a DAG there are a bunch of computers in a network and they all just kind of gossip back and forth ,back and forth about transactions that they have nearby computers. FTM actually use a special proof-of-stake model called lakeesis. Lakessis has only around 50 validator and in order fo become a validator you must have one million FTM coin. This is so much high.

So here we have another option that you can also delegate your FTM coin to other validator to whom you have the trust and can earn with delegation staking rewards. There should be lockup period for delegation from one day to one year. Greater the delegation period Greater will be the reward. FTM network only takes one to two seconds for the transaction to be confirmed and also have low transaction fee.

Coin Market cap of FTM
As just we open the coin market capitalization of FTM coin it shows its specific features including the price of FTM, ranking of FTM that is at 31, the volume/market cap of FTM is 0.3123 and many more properties can be seen here.

Projects and social media followers

Here below the project information about FTM coin and reddit and twitter can be seen.

FTM on different exchanges
FTM can be trade on binnance, kucoin, coinbase, FTX , Huobi global etc.

Why I am so much optimistic about FTM coin

The main reason behind why I am so optimistic about FTM is that it's designed to be efficient scalable and secure so when Fantom foundation created its Blockchain they not only wanted to build a fully decentralized platform to solve problem inside the crypto ecosystem but one that could used for companies of different sectors worldwide so we can say that Fantom is scalable and open source blockchain that facilitate the global transaction with high efficiency and sustainability.

Another reason behind the Fantom to be optimistic is that its new consensus mechanism DAGs. Although these are much older than blockchain technology but they have recently come back into limelight due to technical possibility of building distributed system. Due to this technology Fantom can processed many transaction to connected nodes.

There is also earnings potential by using Fantom. By stacking the fantom coin or by delegation we can earn the fantom coin. Another advantage is that we can also earn by running nodes from the Fantom foundation.

Technical analysis

As we know about the volatility of the Crypto market and fluctuations in the prices of the cryptocurrency we must have such things that indicates the whole trends weather their will be down trend in the market or up trend. Weather we should go for buy or sell. All these questions can be answered if we have a proper knowledge of the technical analysis including indicator and many more thing such as support and resistance case pr by using ascending and descending triangle.

Here I will use three different kind of indicator in order to predict the market trends. The reason behind using three kinds of indicator is that single indicator may gives you false signal sometimes. So that is why here I. Using combination of different indicators.

Simple moving average indicator

simple moving average indicator is a type of indicator that based on average days closing price of the assets. While applying the indicator the input SMAs source will be close so it will gives us the average of closing price of the days that we set on the chart.

• As simple moving average is indicated the by sample single line so when the line is above the candle of price which means that market will goes high in this case
• when simple moving average indicator is below the price chart than the market will goes towards bullish trend

Parabolic SAR

Parabolic SAR is a stop and reverse indicator which can be used to interpret the market trends. This indicator is represented by the successive dots in the bottom or the upper side of the price candle. If dots are apart from each other which indicates that the trend is strong and if dots are close to each other this means that trend is week.

• When the dots are in the bottom of the price movement chart that will indicate the uptrend of th market and it indicate to make our entry in the crypto market.
• when the dots are on the upper side of the price chart this is the signal that market will go in downtrend and here we should sell our assets.

Triple exponential moving average

This is another types of moving averages but in this case this will gives more value to recent price changes in the crypto market as compared to others which sometimes consider as lagging indicator. This is also represented by a single line.

• When the line that indicates the Triple exponential moving average indicator is above the price indicate line it means that there os bearish trend in market and market will go downward.
• when the line of TEMA is slightly below the price indication line this indicate the uptrend in the market and there is to be bullish trend.

Trading in future wallet

Now I will do the future trading on my binnance but before entering the market I have to see the trend weather it is bullish trend or bearish trend

So as I want to enter the market 1st I applied Triple exponential moving average indicator here as you can see that line of triple exponential moving average is above the price movement line which indicates that we should go for sell short in future wallet. Then I also put my stop loss and take profit area in the chart.

In the 2nd phase I applied simple moving average indicator and you can see that line of SMAs is above the price trend which also indicate to enter the market as sell short

In next I applied parabolic SAR and as you can see that dots are above the price trend which also Indicate to enter the market as sell short.

So after these confirmation I go for sell short in my binnance trading wallet and you can see here.

My plan about this trade and also recommendation to others about it

I just do trade for short period of time and according to indicator I just set my point Where I took my profit. As we are not so much trained in future trading that is why I just do small trade and when got a little bit profit I exit the trade and claim my profit.

As far as recommendation to other FTM according to my point of view is a good project to hold and in previous you can also see that its price increase like skyrocket.if one can hold for some period of time than he should buy FTM in spot wallet and wait for some time when market goes up. While as far as holding in future wallet I didn't think its a good because market is keeps on changing and sometimes changes occur very abruptly so in this case we may loss our whole assets so that is why in future wallet goes for short term trading by analyzing the indicators.

Additional information about FTM

In Twitter account there is Fantom awareness community exits from where we can take the information about FTM. And also from the reddit website.

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Conclusion

So in conclusion I can conclude the whole lecture as in the start I give brief information about the binnance exchange and then some basic information and the history of the Fantom foundation and coin and about its future. After that some information related to market capitalization of FTM was also discuss. After that I made some technical analysis based on indicator and after that I enter the market by analyzing these indicator and also got profit. In last I give some information about the reddit and twitter account of FTM coin.

All the screenshot are taken from trading view and cover image is made with PowerPoint

Cc; @abdu.navi03
@shemul21