FC Barcelona Fan Token will be a nostalgic high gainer $$$Dear traders,
I will talk not so long in this TA, thank you for reading it!
First of all, i am in love with CHZ in total and also believe in Fan Tokens. I have also made a scientific research on CHZ, but this information did not put a shade on the clear outlook of the market and about the real value of the asset. :)
The price of the token is in general very low, and looks like it will never go below the level of 2$, since the issuing price of this token was 2$ many years ago, and that is not common with Chiliz fan tokens to go below of the FTO price for long time.
The stoch RSI in weekly shows us a high signal of an upcoming price increase to the level around the bottom of the Ichimoku cloud and the .618 fibonacci line of the trend around 3.5$.
Also it is obvious that there is a descending triangle, and it is narrowing and narrowing, and it will break out sooner or later (probably sooner >1 years, it depends on the market)
Overall, we see some significant movement of BTC and the alts. But until the BTC dominance remains high, we can not see a huge price increases as wee saw in 2017 and 2021.
Kindly inform you that this is my opinion not a trade advice!
Feel free to share your thoughts. :)
Kindly,
T
