Crypto Contest July 26: FOAM

FOAM (Poloniex: FOAMBTC) has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, FOAM began a wave one advance on June 26. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on July 7, and the red wave two (blue sub-waves a-b-c) correction ended on July 20. If this wave count is correct, FOAM should be heading next towards the July 7 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

FOAM provides the tools to enable a crowdsourced map and decentralized location services. You can watch their intro video below.

(Sources: FOAM and YouTube)

How can I vote? Where is the contest?

You can vote by following this link.

About the author: TIMM Trader
Uniting Experts & Novices for Mutual Profit!

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