$CREAM $CREAM
Professional Analysis of $CREAM /USDT Chart
Support and Resistance Levels
- **Support Levels:**
- **$13.72 (24h Low):** A critical support level due to recent price action.
- **$12.37:** Another significant support level that has shown previous stability.
- **Resistance Levels:**
- **$15.66 (24h High):** Immediate resistance level where price recently peaked.
- **$16.80:** Another key resistance level marking a previous high.
#### Entry Signal
- **Entry Point:** Consider entering a long position if the price breaks above the $15.66 resistance level with strong volume. This suggests the price might continue to rise.
- **Stop Loss:** Place a stop loss slightly below the support level at $13.72 to minimize potential losses.
- **Take Profit Levels:**
- **First Take Profit:** $16.80 (previous high)
- **Second Take Profit:** $17.03 (next psychological level)
### Technical Indicators
- **Moving Averages:**
- **MA(7):** $14.12
- **MA(25):** $13.99
- **MA(99):** $14.69
- **Volume:**
- **Current Volume:** 3,653.823
- **MA(5) Volume:** 46,833.580
- **MA(10) Volume:** 32,678.069
### Summary
The chart shows a recent upward trend with the price currently at $14.41. The price has recently broken above the moving averages, indicating potential bullish momentum. The volume spike suggests increased trading activity, which could support a further price increase. However, it is essential to monitor the price action around the resistance levels for confirmation before entering a trade.
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