My 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...
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...
In this chart we have a birds-eye-view of most DeFi perpetual swaps against the DEFIPERP index (an index with around 25 defi tokens)
RUNE and SOL immediately come to attention as the biggest overextended pushers.
CREAM, KNC, COMP biggest laggards against the index.
This is also subjectively bullish since coins that underperform generally tend to have liquidity...
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...
CREAMBUSD could be a good pair for selling given the recent 70 percent rally that looks overextended to me already. A rejection in the supply zone will be a sell signal down to the $130 zone. I will be looking for a move below the 21-day EMA and the uptrend line on 4-hour.
A close above $180 will serve us as trade cancellation signal
Other than that...
The buying force is coming to CREAM but it needs to conquer the 120-130$ zone to start new rally, if not, it will take us some days to move sideways around 100-120$ zone to accumulate.
After the recent downtrend, I think CREAM is a very promising coin
-Buy: 95-105$. SL B
-Buy: 120-130$ if A. SL B
-Sell: 175-185$. SL A
-Sell: 310-330$. SL...