EVAI is the world’s first decentralized, crypto-assets rating platform, where ratings are awarded based on unbiased AI and machine learning algorithms. It offers a new way on how to effectively minimize your risk and maximize potential profits. It’s very versatile and, thus, can be used by amateur and professional investors alike.

As we complete one week of the trading challenge, we would like to update you with the progress of the Evai trading challenge.

Before we get into it, one quick disclaimer. Initially, we wanted to trade the money live. But we found out that many of the tokens we picked are not listed on Binance or other major exchanges. So we switched to paper trading – for entry and exit positions, we will use the price available on Evai’s platform.

Amateur Investment Strategy Using Evai’s Ratings

Here are the simple steps that we have taken:

  • We are selecting coins from the top 150 by their current rating.
  • We’re looking at those that jump from Bs into As in their current or 7 days rating – the bigger the jump, the better.
  • With the ranking going up, we want those whose price remains the same or is going down.
  • We do a further check looking at the 30 days rating to confirm the upward trend.
  • We divide $5k equally into 5 coins ($1k into each) using the method above and then close it when the ratings change.

Based on the strategy above, these are the positions we entered. We have also included the day and our entry price, so it’s easy for you to track our performance. You can also find the positions we closed, including date, our exit price, and reason why we did it.

Trading Results From September 8th Until the 15th:
  • Starting portfolio – $5,000
  • Current portfolio value – $5,832
  • Profit – 16.6%

EVAI challenge

Professional Investment Strategy Using Evai’s Ratings

Here are the steps that we are going to take for the Professional Investment Strategy:

  • We will select coins that have made a significant move in ratings (1-3 points).
  • Volume of those coins will be monitored.
  • We will identify the support and resistance zone for long/short.
  • RSI and Fibonacci retracements and extensions will be used to figure out suitable entry and exit points.
  • We will open leverage positions.

Based on the strategy above, we include a complete breakdown of our trades below.

Trading Results From September 8th Until the 15th:
  • Starting portfolio – $5,000
  • Current portfolio value – $5,990
  • Profit – 19.8%


Trust But Verify

As a verification, we are taking snapshots every time we enter or exit a position in this trading challenge. You can see the entry or exit price and the rating for each trade below.

September 8th Snapshots – REN, XSN, IXC, ERC20, PRE, AWX, MIOTA, MX, XDB, and PICKLE

September 10th Snapshots – AWC, AST, IRIS, ERC20, IOTA, and KSM

September 12th Snapshots – IRIS and UBT

We will keep you updated of the progress on the challenge.

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Images courtesy of TradingView.

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. This article has been sponsored by Evai. Copyright Altcoin Buzz Pte Ltd.


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