Soccer coin Chiliz (38% higher in a week) readies bullrun before World Cup

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Last Updated on 6 November 2022 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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Although the conditions surrounding the Qatar soccer World Cup aren’t ideal in terms of human rights or the conditions of the immigrants who built the stadiums, you can be pretty sure that the soccer fever will reach a boiling point again in a few weeks. This will be the same in most participating countries.

Also, the most famous digital currency related to football, Chiliz, seems all set for a bullish outbreak, technically as well as on social media. At least if we are to believe famed technical analyst Peter Brandt.

Advertentie.

Head and shoulders

Chiliz is just about the ultimate sports cryptocoin and has concluded cooperation agreements with several major soccer teams in the past few years. Fan tokens from both the Argentine and Portuguese soccer squads will be listed via Chiliz in the coming days.

As twitter user JLeader noted when looking at Chiliz’s chart:

A massive 11-month head and shoulders bottom is forming on the weekly CHZ chart.  Interesting timing going into the World Cup.

He also tagged Peter Brandt, the well-known analyst, to ask what he thought of it. To everyone’s surprise, Brandt answered quite quickly, saying:

People say that classical charting principles do not apply to cryptos. Yet, classical charting can be magic in certain cases. This may be one

In a few weeks we will see if both gentlemen were right. Chiliz certainly seemed to be on a roll these last few days.