Let's study the movement of altcoin combo. Let's dig deeper into the project, which presents excellent trading opportunities with its standard arc bottom pattern. The project focuses on providing game-centric second-layer expansion solutions for Web3 game developers and is rapidly emerging as a leading provider dedicated to building game infrastructure. The project has attracted much attention due to its outstanding performance in the last round of game competition and is considered to be the leader of the new round of game competition. The enthusiasm of the last round of game competition is obvious to all, and now it is once again hailed as the leader of the new round of game competition, showing that it is being recognized at a very high level of formality.
COMBO is a leading provider of Web3 game development expansion solutions. By leveraging the world's top game engines, COMBO is building an open source, decentralized, game-oriented, and accessible Layer2 for everyone. Its goal is to connect game developers with the entire ecosystem in an efficient, economical, and secure way to maximize the potential of Web3 games.
The project is mainly committed to providing infrastructure for Web3 game developers to solve the problem of insufficient development in the game industry. In addition, its strong financing strength has attracted much attention, with the support of many investment institutions. The lead investor is a project incubated by the Beyondless Lab, and the dealer usually holds a higher control. From the chip distribution chart, it can be seen that 70% of the chips are concentrated in the exchange, and only a small part comes from other exchanges. On the weekly chart, the arc bottom pattern is clearly visible, and it has experienced a retracement after the breakthrough. Next, we will look for more trading opportunities from the daily chart.
In general, the project has a standard shape and obvious trading opportunities, which deserves our further attention and research. The CCI indicator has entered the overbought range, showing a bullish arrangement, and the market shows an upward trend. It has just broken through the upper edge of the rising channel, stepped back on the upper edge of the channel, and continued to lead down. It may be accumulating energy to break upward. In this case, if the arc bottom breaks through at the weekly level, once it really breaks through, the upside will be huge and the cost performance is extremely high.
So where should we trade? First, we can focus on the strong support level at the upper edge of the channel. Secondly, the middle track of the rising channel may pull back, providing us with new trading opportunities. In addition, our trading concentration band indicator may open a new trading range at this position, and the position with the largest trading concentration may be 0.75. Although altcoins are risky, they can still be traded.