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CREAM / TetherUS

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CREAMUSDT trade ideas

$CREAM performing symmetrical triangle$CREAM performing in 1hr symmetrical triangle Trading a symmetrical triangle pattern involves identifying potential breakouts and using technical analysis to make informed trading decisions. Here are the steps to trade a symmetrical triangle pattern: 1. **Identify the Symmetrical Triangle:** First, recognize the formation of a symmetrical triangle on a price chart. This pattern typically consists of converging trendlines, with a series of higher lows and lower highs, creating a triangular shape. 2. **Determine the Direction:** Pay attention to the direction of the price trend leading into the triangle. If the price was in an uptrend before entering the pattern, there's a higher likelihood of a bullish breakout. Conversely, if it was in a downtrend, a bearish breakout is more probable. 3. **Set Entry and Stop-Loss Levels:** To trade a symmetrical triangle, you'll want to wait for a breakout from the pattern. Set your entry order slightly above the upper trendline for a bullish breakout or slightly below the lower trendline for a bearish breakout. Place a stop-loss order to limit potential losses. 4. **Confirm the Breakout:** Don't jump the gun. Wait for a confirmed breakout, which is usually accompanied by increased volume and a significant price movement beyond the trendline. This confirms the direction of the breakout. 5. **Measure the Price Target:** Use the height of the triangle at its widest point to estimate the price target. For a bullish breakout, add this measurement to the breakout point; for a bearish breakout, subtract it. This provides an initial price target. 6. **Monitor and Adjust:** Keep a close eye on your trade and adjust your stop-loss and take-profit levels as the price moves. This will help protect your profits and minimize losses. 7. **Consider Volume and Confirmation:** While symmetrical triangles often result in significant breakouts, not all breakouts are equally reliable. Look for strong confirmation through volume and other technical indicators (such as moving averages) to increase the reliability of your trade. 8. **Practice Risk Management:** Only risk a small portion of your trading capital on any single trade, and don't over-leverage. Stick to a risk-reward ratio that makes sense for your overall trading strategy. Remember that trading involves risk, and it's important to have a solid understanding of technical analysis, risk management, and a trading plan before attempting to trade any chart patterns, including the symmetrical triangle. It's also advisable to practice on a demo account or paper trade to gain experience before risking real money.
Long
by Crypto-Adda_Official
$CREAM still so look bullish$CREAM Performed Bullish Symmetrical in 1D TF What is a Symmetrical Triangle A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or descending triangle. KEY TAKEAWAYS Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes. The breakout or breakdown targets for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point. Many traders use symmetrical triangles in conjunction with other forms of technical analysis that act as a confirmation.
Long
by Crypto-Adda_Official
CREAM SWING SHORT SETUPThis looks almost too easy and obvious to Play out but just was going through charts and this looks very weak. Price rejected from the POC (POINT OF CONTROL) which is a very pivotal level on any coin. Using the volume visible range tool on any coin if price is near or at the red line it always always always provides a good level to watch for support or resistances. This basically means that the most amount of trading for this coin has been at the 12.90 price. Why is this helpful? Because if majority of buyers entered at 12.9 and price rejects there then sellers and traders or whales that are holding will either set limit orders at 12-12.9 or they will panic sell at a loss and price will go the path of least resistance.. (down) Entry is current market price at 11.4 Wick created on the 20D candle so I'm expecting this too AT THE VERY LEAST run the stops set at the 6-7 price level. It may take time but as you can see the volume suggests a buyer capitulation and price loves to sweep under capitulation candles. Especially candles like this with no wick at all. (Why? Because one large investor holding/accumulating cream brought the price up to unload as much as they could in profit or to minimize losses on what they bought higher and when few people buy alot it is those same people that will sell sell sell until price is at or below where they bought. If that makes sense?) My 2nd take profit might seem crazy or unlikely but most tokens don't find a bottom or begin accumulation until they reach -96% to -98% from the tokens all time high(go through any chart for almost any coin and use the ruler tool to measure from all time high to -98% and you will see that is where coins find support). So I'm expecting cream to eventually go to 2.5-3.5$ or possibly lower. Sorry if this is not very well said or charted but I saw this from mobile and it looks like a solid trade and wanted to share it!
Short
by Trader_MDJ
CREAM trading ideaSupport at 10$ and 7$. Goals are marked with green lines. final goal 25$ (or 23$). I think it has a good chart to trade. didn't grow too much in bull season. There is also one thing I think it could happen with all coins that have only BUSD trading pair listed. they could get additional trading pair (most likely USDT), because of SEC problem with busd. So... if CREAM doesn't get delisted, it's price could bounce way above 25$. Still... team wasn't really responsive on twitter lately, but the recent tweet gave investors a little more hope. I think price could do at least 2x short term, if conditions are right.
Long
by Aborangin
CreamUsdtthis is request of 1 frind. watch mid of channel first can be touch but you should research about this project and fundamental research. Now it has met with a strong resistance In the last figure of this chart, we see a glass and handle. that the plural is also touched twice. But if it breaks this resistance, it can grow by another 50%. If this does not happen, you can enter at the entry points indicated by the blue line. Don't forget that these lines are the most accurate points obtained, but you should consider a range for both resistance and support. Of course, we have tried to determine the most accurate point. remember Cup&hundle target is touch before but chart bullish little need fix wait monday buy btc can little fix or drop GL EntryPoint: 13.2239 12.8938 10.7438 9.7666 (this can happen btc on start week drop) Supports: 8.5130 6.5891 5.4892 4.3494 Resistances: 14.8859 16.1556 Targets: 18.9737 22.2914 28.0279 37.5869 Midtime: 54.4967 66.1230 87.4793 GL wait on Entrypoint buy
by Shivaz
BREAKOUT COIN : Possiblity for breakoutThe coin is at a very important level and has a high chance of breaking out. The reason for this update is that this coin has crossed some patterns on the trading view, and as we mentioned, this coin has a high likelihood of breaking out. However, it is important to always manage your risk and remember that there are no guarantees in trading. We are sharing this coin with you because we expect it to make a new breakout view." Between 22- 39 USD is an important and focus target. it's a coin that shows an expected breakout. This is not trading advice, manage your risk all time.
Long
by Goldenbreakout
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