TheSignalyst

TOKENS RELATED TO FIFA WORLD CUP 2022 🏆

Long
COINBASE:BTCUSD   Bitcoin
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

As the World Cup 2022 gets closer, here are the tokens that I believe will get more exposure in a way or another.

I have got three tokens on the list for now. Please let me know if you are aware of any other tokens to add it in the update section of this post.

📌CHZ - Chiliz

🗒About CHZ:

CHZ is an ERC-20 token that runs on an Ethereum-based Chiliz blockchain. The token serves as currency that allows users to purchase NFTs at Chiliz' Socios fan token marketplace. There would be no CHZ token without Socios.

ChiliZ token (CHZ) is the official, exclusive utility token that operates on the Socios.com fan voting portal. Using this platform, sports and e-sports enthusiasts can participate in the management process of their favorite teams, leagues, games, and events.


📉Technical Analysis:

CHZ has been stuck inside a big range in the shape of an inverse head and shoulders pattern.

For the bulls to take over from a long-term perspective, we need a weekly candle close above the gray neckline (around 0.3) which is also a support and resistance zone.

Meanwhile, as we approach the green support again, I will be looking for short-term buy setups.

📌ALGO - Algorand

🗒About ALGO:

FIFA has teamed up with blockchain technology company Algorand to agree a sponsorship and technical partnership deal.

The agreement means Algorand will become the official blockchain platform of FIFA and provide the official blockchain-supported wallet solution. As per the sponsorship agreement, Algorand will be a FIFA World Cup Qatar 2022™ Regional Supporter in North America and Europe, and a FIFA Women’s World Cup Australia and New Zealand 2023™ Official Sponsor.

Source: www.fifa.com/about-f...n-innovator-algorand


📉Technical Analysis:

ALGO has been stuck inside a horizontal range for a while. Thus, for the bulls to take over from a long-term perspective, we need a momentum daily candle close above the upper bound of the range (gray zone) around 0.425

Meanwhile, as ALGO approaches the lower bound of the range, we will be looking for short-term buy setups on lower timeframes.

📌CRO - Crypto.com

🗒About CRO:

FIFA has announced that Crypto.com will be an Official Sponsor of the FIFA World Cup Qatar 2022™.

Founded in 2016, Crypto.com today serves more than 10 million customers and has over 4,000 employees across its offices in the Americas, Europe and Asia. The company, which is built on a foundation of security, privacy and compliance, is designed to accelerate the global adoption of cryptocurrencies through its service offerings.

Crypto.com will activate its official sponsorship of the FIFA World Cup Qatar 2022 in many ways, including by providing opportunities for new and existing users to attend matches during the tournament or win exclusive merchandise.

Source: www.fifa.com/tournam...-tm-official-sponsor


📉Technical Analysis:

CRO is retesting a long-term support zone in green so we will be looking for buy setups on lower timeframes.

For the bulls to take over from a long-term perspective, we need a momentum weekly candle close above the last major high in gray around 0.17

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

This analysis is done using RichTL
www.RichTL.com

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