Long
CREAMBUSD { CREAM FINANCE } - BULLISH SETUP
ANALYSIS 🔎
- CREAMBUSD is bounded in the ascending channel.
- Price hit an ATH and retraced for a retest of the ascending channel support
- There's an uptrend continuation possibility.
- Price action is printing an ascending traingle at the retest zone.
- This is a bullish build up pattern.
BUY ENTRY ⬆️
- Breakout above the ascending traingle's horizontal resistance.
BUY CONFIRMATION ✅
- Breakout above the horizontal resistance level (@220)
TARGETS 🎯
- All-time high resistance level (@380)
- Fibonacci extension levels.
- Ascending channel resistance.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle support.
- CREAMBUSD is bounded in the ascending channel.
- Price hit an ATH and retraced for a retest of the ascending channel support
- There's an uptrend continuation possibility.
- Price action is printing an ascending traingle at the retest zone.
- This is a bullish build up pattern.
BUY ENTRY ⬆️
- Breakout above the ascending traingle's horizontal resistance.
BUY CONFIRMATION ✅
- Breakout above the horizontal resistance level (@220)
TARGETS 🎯
- All-time high resistance level (@380)
- Fibonacci extension levels.
- Ascending channel resistance.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle support.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.