CREAM, bottom and then rebound.The following content is machine translation:
Front bottom sideways heavy volume rebound.
Suppressed by the downtrend line.
Reached the front bottom and rebounded again.
The indicator macd energy column is gradually approaching the zero axis.
Bottoming and rebounding, see more.
CREAMPERP trade ideas
CREAM, near historical lows.The following content is machine translation:
It has fallen to near historical lows.
The decline was unstoppable, and the weekly sideways fluctuated within a narrow range.
The indicator macd energy column starts to move closer to the zero axis.
The bottom is sideways, waiting to rise.
Cream (CREAM) • Bitcoin crash putting previous TA on holdMy previous video on cream was pretty bullish and I hypothesised the case for a stop hunt toward the 60k range. It went further than expect right into another support range. We saw pullback right into the previous support range.I also was assuming that Bitcoin was not crashing this hard so fast.
Chances are that we will still see price discovery toward that range at 60k again. In this video I talk through time-price scenarios where it would start looking bullish again or invalidations criteria. At the moment we are not there.
CREAM is still looking it could be one of top performer in the next DEFI bull-run. At the moment things are on hold while bitcoin gets out of bearish waters.
Cream (CREAM) • If you don't like alpha. Look away.CREAM is one of defi tokens that didn't see the light of a huge breakout. Things might change soon as liquidity will soon want to rotate from high performers to the lowest ones against the DEFI index. CREAM however suffers the unit bias problem which could explain the fact it barely moved OR early hype that faded away with price coming down (while market-cap remaining relatively stable).
Currently placed #405 on CMC which place this coin in high-risk and illiquid category.
This token can ez go to zero tomorrow. So take this idea with huge grain of salt but as they say... no pain no gain.
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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 undecided moveswell got the last one right although out by 24 hours with a rise to the $148 area
this time unsure
we have 2 potentials
we have a descending triangle within a small breakout within a bullish rectangle
we also have a small inverse tiny cup n handle which is also part of a falling wedge reversal
so short term may be bearish 5% drop to $110 but we could also see a 10% rise to $160
money is on the side-lines until confirmed