FOAM 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
- 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...
Charting in advance on longterm log charts can very easily lead to out-of-the-sky price targets. This is just an analysis of the price action on the log chart compared to the last bull market. In a bull market, strong assets tend to move into log channels. The channel shown in green was 2016-2018. Also in this bull market many assets are trading in these log...
Unfortunately I unknowingly uploaded my last posts as private - below I have attached the last post. In the last post I explained that I have already established a larger position around $2 but have set extrem high limit orders in the $1.70-$1.20 range. When we broke the $1.20 down I set more to catch Wicks. The log chart showed absolute capitulation and I...
In case I am still sitting in front of charts in 30 years
I entered sushi when I noticed that channel support is valid. (Entry 27.April) With strong set ups on many blue chip DeFi tokens, the low valuation in realtive terms of Sushi caught my attention. When Sushi closes above horizontal support it gives me signs of strength rather than weakness for now. For me, possible entries are once a channel breakout (If covered...
Wabi looks like a classic breakout retest out of accumulation. VPVR, fibs and horizontal supports are joining together. I slowly scale into position.
BTC has a bullish pattern breakout to new ATH. If we close above the ATH two days in a row, it gives me confidence that we will see another leg up. (Still waiting for Volume or Price going over potential Trendline of Highs Trendline) I see two risks at the moment: the risk that we might some kind of a rising wedge. Also for the reason that our pattern breakout is...
Already have a small kleros position but waiting for a higher high to close above the residence zone.
massive head and shoulder pattern the diagonal trendline/ neckline will be the deciding point. At the moment we are trading just before it and would expect a bounce for a short term end of the old season. If we close below the neckline on the weekly chart, I expect another run of alts with sick gains to come.
Bounce now from supportzone and we gonna take off. My DOT trade target for this scenario is 80$. (SOL trade 2.0) BTC and ETH have both pattern- and ATH breakouts but watch how the candels close for the next days. If we can close ETH and BTC like this, it looks like the market is ready for another run.
bearish case : -Traders overconfident bullish -Volume Support comes around 24k (Target if we break the 30k horizontal support) bullish case: -Bull Flag
- Massiv Falling Wedge - Volume dropping - MACD & RSI showing Weakness in bearish trend
XRP attacking the downwards Channel its in since 2 Years - Since July 2019 highs stay more or less the same - First Higher Low in June 2020 followed by another one in September/Oktober If Weekly get closed above the Neckline massiv Breakout could be ahead
We are currently forming a head and shoulder pattern on the ETH/BTC chart. The measured target would perfectly match the volume support and the Golden Pocket. As already mentioned in the ETH/USD & BTC dominance chart I will buy Ethereum in the price range of 320$-250$. If we see a drop on the ETH/BTC chart to the target, it would be a perfect cup and handle...
If the channel should break out upwards, the first target would be the centre line of the larger channel. In case of reaching the upper trend line of the larger channel I will look for additional Altcoin positions. If we should break downwards we can look forward to a continuation of the Altcoin season for the next weeks and months.
From now on we have increasing volume support which will make it more and more difficult for the bears to lower the price. From now on I will slowly start buying Ethereum. Dream price would be again 250$.