FOAM log channel residence retestFOAM has been moving in a log channel since 2020. The price action within the channel moves in the same pattern over and over again. Foam has so far always formed cups which have been followed by approx. 235% short strong pumps.
I am a long term investor in FOAM
Foam
one of my biggest alt bets - Technical oscilators indicate bullish divergences
- Bottom is respected and the possibility of a huge double bottom pattern exists. (almost 500% alone to the top)
- For me one of the most interesting low cap infrastructure projects and in my crypto portfolio and I have built up a large position (7% as of now).
- To anyone who is not familiar with FOAM, I advise you to look at the project and the use cases of a blockchain native location serivce.
- The Twitter following of high profile crypto profiles is remarkable for such a small project according to Mcap.
- FOAM has been in the game for a long time and does very little marketing which is one of the reasons why I think they are swimming under the radar of crypto bubbles.
Was right on this one after 2 weeks!!!The arrow was there 2 weeks ago after I saw that there was a descending triangle and I tought that it was going to break soon enough at one point and it did! This is what I love about trading!!! It's the moment when I'm speculathing that it would go in a certain way and it becomes what you tought it would be. It's one good feeling that gets you going to the moon with the $$$
Hope you guy's made a profit this week too!
