Chumbi Valley (CHMB)

Chumbi Valley is an RPG Play-to-Earn blockchain game based on NFT creatures. Though at first, it was very popular; but as its price continued the downward path so did its popularity. Anyway, it seems price has broken the downtrend line and now a harmonic pattern might be forming. Let's see what happens.

Note: the 24h volume is very low thus trading this coin is very risky.

Comment:

Is it possible that a big Cup and Handle pattern is forming? Let's see what happens.

Be careful, CHMB's trading volume is very low.

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So, CHMB went up and is now oscillating between two horizontal resistance and support areas. If this area breaks upward, further rise is possible. Let's see what happens.

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So, CHMB finally broke the major horizontal resistance area, and say hello to ATH. This project is one of the hidden gem in the market and seems to have bright future. Although, keep in mind that the release of the game was delayed for years due to some issue, so there are still some debate about the game's future launch dates. Anyway, CHMB might behave like NAKA did and rise much higher. This is not a financial or investment advice; DYOR. Let's see what happens.

Comment:

So, it seems a butterfly or scissor pattern is formed; if true, CHMB is going to ascend slowly in a zigzag move and break the right wing upward when the right time comes. Hopefully sooner than later. Let's see what happens.