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Creamtechnicalanalysis

Cream / UsdtBINANCE:CREAMUSDT 🚨 **$CREAM on Binance - A Hidden Gem?** 🚨 🚀 **Chart Analysis**: If you’re looking for an unpumped coin with huge potential, check out $CREAM! The chart is looking **beautiful**—we’re seeing a **falling wedge** formation, followed by a **breakout** and a **retest**. This kind of pattern usually signals a bullish reversal! 🔑 **Why $CREAM?** - The **falling wedge** is a classic bullish pattern, and the retest of the breakout level looks solid. - **Volume** has been steady, and the price action is showing signs of upward momentum. - It’s still **undervalued** with plenty of room to move if the breakout continues. 💡 **Opportunity**: If you believe in technicals and are on the lookout for **undervalued**, "unpumped" coins, $CREAM might be the one to keep an eye on. But as always, make sure to do your own research and trade wisely! Disclaimer: Not Financial Advice
Long
by Wolftrader1337
1
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
Long
by Z4F4R