Chibuike_Odoh

CREAMBUSD { CREAM FINANCE } - BULLISH SETUP

Long
BINANCE:CREAMBUSD   CREAM / BUSD
ANALYSIS πŸ”Ž
- 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 βœ…
- 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

Good shout. Looks even better on a macro trend.

https://charts.cointrader.pro/snapshot/0a1ge
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Cool
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@Simon_Weber thanks mate
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