CREAM Surges with Breakout Momentum: Eyes Set on $100!
Key Observations:
Ascending Channel Breakout:
The price has been trading within an ascending channel, with higher highs and higher lows.
A breakout from the channel is observed, with the price rising sharply from around $43 to $71.34 , indicating strong bullish momentum.
Support and Resistance Levels:
Major support levels identified: $15.59 and $42.34.
Major resistance levels identified: $58.57, $70.50 , and $100.45.
Volume and Price Action:
The volume appears to have increased significantly during the breakout, confirming the strength of the upward movement.
Candlestick Patterns:
The chart shows a large bullish candlestick, indicative of strong buying interest.
Indicators:
Stochastic RSI at the bottom of the chart is showing an underbought condition (below 20 level). This may indicate potential for a long-term bullish.
Technical Analysis:
Breakout Confirmation:
The price broke out of the ascending channel with a strong bullish candle, suggesting a possible continuation of the uptrend.
After breaking above $58.57 (previous resistance), the price surged to $71.34, confirming the breakout.
Potential Pullback:
Given the overbought condition on the Stochastic Oscillator, a pullback or consolidation phase might be imminent before further upward movement.
A retest of the breakout level around $58.57 or even the $42.34 support level is possible, which would be a healthy correction.
Price Targets:
Short-term target : The price could aim for $70.50 again, as it is the immediate resistance.
Mid-term target : If the bullish momentum continues, the next target would be $100.45, which aligns with the measured move from the breakout.
Long-term target : Sustained momentum could push the price beyond $100.45, but this would require continuous strong buying pressure and favorable market conditions.
I will keep updating this chart overtime
Creamfinance
C.R.E.A.M. Finance CREAM/USDT Waiting for a potential breakout.
About Cream Finance (CREAM)
C.R.E.A.M. Finance is a decentralized DeFi lending platform, enabling financial services to a broad range of entities—from individuals to institutions.
As an integral part of the yearn.finance family, it aims to differentiate itself with its open-source, permissionless nature and compatibility with multiple blockchains, including Ethereum, BNB Chain, Polygon, and Fantom.
Users holding assets like Ether or wBTC and seeking avenues to optimize them, can position these assets onto C.R.E.A.M. to earn yields.
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We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
CREAM/USDT(REQUESTED CHART 3)!CREAM looks good here. Trading inside a falling wedge-like structure in 4hr timeframe.
Once we break this falling wedge, it will pump well. The first target will be $45
An important support level is around $28-$31
If you are holding this then hold this and SL will be if any 4hr candle closes below $28 then exit.
If you want to buy this then buy within the range of $28-$31
If you like this idea then do support it with like and follow.
Thank You!
CREAM/BUSD (Weekly Breakout Candle)Weekly breakout candle
A potential retest of previous resistance
Upside continuation is expected
CREAM/BUSD (Bullish Retest?)CREAM/BUSD
Breakout of long consolidation range
A retest of previous resistance area
If the bulls can bounce up again
Expect upside continuation up to $380
Cream of the cropCream looking pretty strong vs other coins. Didn't do very well in this alt season and topped pretty hard. Lots of stuff from exploits to mergers... but the current sideways movement looks pretty good in the long term. I like coins that don't follow the main market trend and do their own thing and especially when they look like they are in some sort of accumulation.
CREAM USD 4H Timeframe Breakout, test support and let's fly?CREAM broke out nicely on 4H timeframe, need to test $105-110 as new support imo to confirm. Looks like a good one to build a big swing on with a $180+ target so will be looking to buy dips. Can find perp on FTX or spot on Binance, note CREAM doesn't have a BTC pair on a big exchange (Binance+FTX are only against USD or BNB). This means it generally runs hard when ETH is trending upwards, so keep your eye on ETH price.
CREAM, CREAMBUSD - looking for a sell signalHi guys,
CREAMBUSD could be a good pair for selling given the recent 70 percent rally that looks overextended to me already. A rejection in the supply zone will be a sell signal down to the $130 zone. I will be looking for a move below the 21-day EMA and the uptrend line on 4-hour.
A close above $180 will serve us as trade cancellation signal
Other than that there are clear signs of bearish divergence on both 1-day and 4-hour charts:
I know the fundamentals are relatively solid with the new flash loans announcement for the Cream Finance platform, but I would rather sell the news for now than look for accumulation around our target for profit taking.
Please, note that this is a high risk trade.
Cheers,