$CREAM Signals Bullish Momentum
$CREAM the short-term chart shows a significant uptrend with the RSI at 74.68, indicating overbought conditions. The MACD is bullish with a value of 0.13, and the Stochastic Oscillator is at 90.53, suggesting a strong bullish sentiment.
Traders looking to enter spot positions could consider buying above $19.50, setting a stop-loss at $18.96, and targeting an exit around $20.50.
For futures trading, a long position could be initiated if the price breaks above $19.50, with a stop-loss at $18.96 and a take-profit target near $20.05.
Moving to the 1-hour chart, $CREAM continues its bullish trend, supported by the RSI at 70.24 and a positive MACD of 0.06. The Stochastic Oscillator remains in overbought territory at 90.63, indicating a strong buying pressure.
Traders in the spot market may look to enter above $19.50, place a stop-loss around $18.83, and target an exit near $20.50. In futures trading, a long position could be considered if the price surpasses $19.50, with a stop-loss at $18.83 and a take-profit level around $20.50.
On the daily timeframe, CREAM has a bullish outlook with the RSI at 44.27, showing room for further upside. The MACD is positive at -1.63, and the Stochastic Oscillator is recovering from oversold levels, indicating a potential reversal. Spot traders might look to enter above $19.50, set a stop-loss at $18.76, and aim for an exit near $20.90.
Remain vigilant for potential pullbacks
**Note: All indicator readings are as per the time of this analysis. Exercise caution and do thorough research before making trading decisions.
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