Fifa2022
$ALGO - Time to GOAL Hello my Fellow Traderz,
With the arrival of the FIFA World Cup, keep your targets on the tokens which are directly or indirectly linked to the Championship.
I have already made an analysis on one such token in one of my previous ANALYSIS.
Today I've come up with $ALGO. #ALGORAND is officially the blockchain partner of FIFA WORLD CUP. So it is quite obvious MMs are burning the fuel for the leg up as the tournament is about to start.
$ALGO ha already broke the Trendline Resistance 1 with solid amount of VOLUME which indicates that this Breakout is Valid. Now approaching towards Trendline R2. Also the Horizontal Resistance of $0.42 lies there.
Break above $0.49 we do not have any resitances meanwhile and we could easily reach the next Major RESISTANCE Area of $0.70-$0.75.
Happy Trading my FAM....CHEERS!!!
Algo fundamentalALGUTAND TEITIEM FIFA Launches NFT Platform on Algorand in Run
- Up to World Cup ! ...
With the 2022 World Cup just months away , FIFA , soccer's global governing body , has announced it will launch an NFT platform for soccer - themed digital collectibles . " Just like sports memorabilia and stickers , this is an accessible opportunity for fans around the world to engage with their favourite players , moments and more on new platforms , " said FIFA's Chief Business Officer Romy Gai , in a statement . so funda says , Algorand is now an apt option for possible growth , even in this bearish market for couple month ahead !
Technical POV :
Although I've already analyzed Algorund on the weekly timeframe before , but also in the daily perspective , we can see more obviously , ALGOUSDT is trading on a support zone and struggling with a descending trendline , so if holds this current lvl and breaks out this line then can see higher prices and Resistance zones !
Good luck with your trading and investing and remember : Trade smart ... OR JUST DON'T TRADE !
I emphasize that this will happen if the analysis of the fund shows a reaction and is welcomed by the people, and there are still problems from a technical point of view
📉Crypto.Com Fifa22 Sponsor🏆 (CRO/USDT possible jump🚀) 📈Crypto.Com Exchange Announces It Will Be The Official Sponsor Of The 2022 FIFA World Cup!
The tournaments which will be held in Qatar from 21st November to 18th December are expected to bring a significant number of potential clients for the exchange as the world’s attention turns to watch the revered sport.
According to the official blog which also reflects on the FIFA website, the “sponsorship will drive significant awareness around the cryptocurrency trading platform through brand exposure at the world’s most popular sporting event’.
so funda says it is apt for more possible growth even in a bearish market !
📊Technical POV:
as you can see on the weekly timeframe , CROUSDT it's trading on a demand zone ,so if maintains this current support lvl then can see higher prices and pivot zone, although it'll also face a descending trendline that acts as a dynamic resistance line , but if CRO breaks out this line , it will test the higher resistance zone!
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
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