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CREAMUSDT

CREAMUSDT.1DUpon examining the 4-hour chart of CREAM/USDT, I notice several pivotal technical factors that offer a comprehensive understanding of the current market situation and potential future price movements. Technical Analysis Observations: Support and Resistance Levels (S1, R1, R2): Support Level 1 (S1): At approximately $39.85, this level has acted as a crucial support and a possible floor for the recent downward movement. A failure to hold this support could lead to further declines. Resistance Level 1 (R1): Located at $65.00, this level will serve as the first major hurdle for any bullish correction attempts. Resistance Level 2 (R2): At $87.98, this higher resistance level marks a significant recovery target in a more extended bullish scenario. Trend Indicators: The price has been in a clear downtrend as marked by the descending price action. The support at S1 will be critical to watch for any signs of reversal. The price action between the support and resistance levels indicates a range-bound movement, where traders should watch for breakouts or breakdowns from this range to determine the next major move. RSI (Relative Strength Index): The RSI is at 36.00, suggesting that while the asset is not yet in the oversold territory (below 30), it is close. This could indicate potential for a further drop but also suggests that we are approaching levels where buyers might start to come in. MACD (Moving Average Convergence Divergence): The MACD is below the signal line, and the histogram is showing negative values, indicating bearish momentum. However, the lines are flattening, which could hint at a potential slowdown in bearish momentum and a possible upcoming crossover. Conclusion: The CREAM/USDT pair is currently testing a significant support level around $39.85. The proximity of the RSI to oversold levels and the flattening of the MACD suggest that we may be nearing a point of reversal or at least a short-term consolidation. However, the prevailing bearish sentiment underscored by the MACD means caution is warranted. For potential trading strategies, I would look for a confirmation of a reversal signal at the support level, such as a bullish divergence on the RSI or a MACD crossover. If the price breaks above the immediate resistance at $65.00, it could signal the start of a bullish trend, with a target towards $87.98. Conversely, a decisive break below $39.85 would suggest further downside, and monitoring the price action closely for new support levels would be essential. Risk management remains crucial in such volatile conditions. Setting stop-loss orders just below key support levels and taking profit near resistance levels can help manage potential risks and optimize gains.
Long
by MarsSignals
CREAMUSDT.1DThe CREAM/USDT pair currently trades at $69.75, showing significant volatility in recent months. The daily chart highlights a series of fluctuations, with current pricing pressures suggesting a bearish sentiment. Key Support and Resistance Levels: Resistance 1 (R1): $55.09 - This level is critical as it has previously served as a strong resistance point. The price is currently below this level, which might continue to act as a ceiling in the short term. Resistance 2 (R2): $103.92 - This is the highest recent resistance level, significantly above the current price, suggesting a strong upward move would be needed to test this. Support 1 (S1): $39.37 - Currently, this support level is crucial. If the price drops below this, it could indicate a significant bearish trend. Support 2 (S2): The chart shows a support around $27.70, indicating a lower boundary set during the recent lows. Technical Indicators: MACD: The MACD line is below the signal line, and both are trending downward below the zero line, indicating strong bearish momentum. RSI: The Relative Strength Index is approximately at 49, suggesting a neutral position. However, its proximity to the oversold territory indicates potential volatility and downside risk. Analysis Conclusion: The CREAM/USDT market shows signs of stress with a potential bearish bias as indicated by the prevailing lower highs and the MACD configuration. The critical support at $39.37 will be vital to watch in the coming days. A break below this level could lead to further declines, testing the $27.70 support zone. Given the current market setup and the resistance at $55.09 acting as a near-term ceiling, my outlook remains cautious. Traders should prepare for potential volatility with a close watch on the indicated support and resistance levels. A breach above the immediate resistance at $55.09 could alter the bearish outlook, suggesting a reevaluation of the current trading strategy.
Long
by MarsSignals
CREAMUSDT.1DUpon examining the CREAM/USDT daily chart, several critical technical indicators and levels are evident, offering insights into potential price movements. Trend and Resistance Analysis: The chart shows that Cream Finance (CREAM) has experienced a significant price increase, currently trading around 84.53 USD. The price recently spiked to a high of 97.97 USD before retracing. There are two major resistance levels to watch: R1 at 85.60 USD and R2 at 113.22 USD. The price is currently testing R1, and a successful break above this level could see it testing R2, indicating further bullish momentum. Support Levels: On the downside, the primary support level is identified as S1 at 73.70 USD. This level has shown strong buying interest and could act as a floor if the price continues to decline. Below S1, the next significant support level is S2 at 56.46 USD, which has been a critical support zone in the past. RSI and MACD Indicators: The Relative Strength Index (RSI) is currently at 79.91, indicating that the asset is in the overbought territory. This suggests that the asset might be due for a correction or consolidation before any further upward movement. The Moving Average Convergence Divergence (MACD) indicator is showing strong bullish momentum, with the MACD line (blue) well above the signal line (orange) and a positive histogram. However, the overbought RSI warrants caution. Volume Analysis: The volume pattern indicates that the recent price spike was accompanied by significant trading volume, suggesting strong market participation during upward movements. This heightened volume reinforces the bullish sentiment but also indicates the potential for volatility. Conclusion: In conclusion, the CREAM/USDT pair is currently in a strong bullish trend but is showing signs of being overbought according to the RSI. The MACD supports continued bullish momentum, but the overbought RSI suggests that a correction or consolidation might be imminent. Traders should closely monitor the support levels at 73.70 USD and 56.46 USD, as well as the resistance levels at 85.60 USD and 113.22 USD. A break above the resistance levels would confirm continued bullish momentum, while a failure to hold the support levels could lead to a deeper retracement. Overall, the market sentiment for CREAM remains cautiously optimistic, with critical attention needed at the aforementioned levels and indicators to make informed trading decisions.
by MarsSignals
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
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. ...................................................................................................................... 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.
by CryptoTrend-Alerts
$CREAM Performed Bullish Symmetrical$CREAM Performed Bullish Symmetrical in 2hr TF What is a Symmetrical Triangle A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or descending triangle. KEY TAKEAWAYS Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes. The breakout or breakdown targets for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point. Many traders use symmetrical triangles in conjunction with other forms of technical analysis that act as a confirmation.
CLong
by Crypto-Adda_Official
CREAM tradin idea (BUSD)Support at 10$ and 7$. Immediate support 12$. Goals are marked with green lines. final goal between 25$ and 31$. I think it has a good chart to trade. didn't grow too much in bull season. There is also one thing I think it could happen with all coins that have only BUSD trading pair listed. they could get additional trading pair (most likely USDT), because of SEC problem with busd. So... if CREAM doesn't get delisted, it's price could bounce way above 25$. Still... team wasn't really responsive on twitter until lately, but the recent tweet gave investors a little more hope. I think price could do at least 2x short term, if conditions are right.
C
by Aborangin
2
CREAM trading ideaSupport at 10$ and 7$. Goals are marked with green lines. final goal 25$ (or 23$). I think it has a good chart to trade. didn't grow too much in bull season. There is also one thing I think it could happen with all coins that have only BUSD trading pair listed. they could get additional trading pair (most likely USDT), because of SEC problem with busd. So... if CREAM doesn't get delisted, it's price could bounce way above 25$. Still... team wasn't really responsive on twitter lately, but the recent tweet gave investors a little more hope. I think price could do at least 2x short term, if conditions are right.
Long
by Aborangin
CREAMBUSD Technical Analysis💎 CREAMBUSD after breaking above the wedge and the major resistance, can go for a pullback and the retest the support before it continues to go higher. 🌐 Tradingview 💵 Invest Only 5% of your Portfolio 🎳 Entry/Pullback now or from 42.6 - 34.1 ☕️ TP1 50.1 🍺 TP2 60.2 🍻 TP3 70.5 🍾 TP4 80.8 🍷 TP5 90.4 🍸 TP6 100.0 🍹 TP7 🎁 TP8 🚫 SL 33.4 - 25.5 Good Luck 🎲 Check the Links in Description and if you LIKE this analysis, please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️ Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. We will have more FREE forecasts in TradingView soon Have a profitable day 😊👍🏻
CLong
by Fibonacci-Signals
3