CREAMBUSD { CREAM FINANCE } - BULLISH SETUP Long

Description

⋅ Jul 16, 2021 9:12 AM

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.

Comments

thekevin

⋅ Jul 16, 2021 10:17 AM

Good shout. Looks even better on a macro trend.

charts.cointrader.pro/snapshot/0a1ge

Chibuike_Odoh

⋅ Jul 18, 2021 8:03 AM

@thekevin 👍

Simon_Weber

⋅ Jul 16, 2021 9:48 AM

Cool

Chibuike_Odoh

⋅ Jul 18, 2021 8:03 AM

@Simon_Weber thanks mate