Exhaustive Technical Analysis of Brett (Based) (BRETT) as of 2025-07-14

1. Price Structure and Broad Trends

Looking at the Daily time frame (April to mid-July), we see BRETT has experienced massive expansion and high volatility. The price peaked around $0.09 in mid-May before declining to a local low of $0.035 in late June. Since then, there has been a powerful bounce, with the price climbing to $0.059 as of the latest candle — an increase of nearly 70% off the late-June bottoms.

The last few daily candles show a sequence of higher highs and higher lows, indicating a potentially sustained reversal move from the June lows. Today's price action (so far) marks another strong bullish candle, trading near the session highs.

Trend Analysis (Moving Averages)

• 50-Day SMA/EMA: The aggressive up-move has pushed the current price above the likely 50-period moving averages, indicating a bullish technical stance. Historically, price crossing above the 50-EMA in recovering altcoins is a strong short-term buy trigger.
• 200-Day SMA/EMA: BRETT is still below all-time highs, and well below its previous climactic May peak; however, the exponential recovery and increasing volume suggest positive momentum.
• Short-Term EMA (9/21): Both would be sloping up and providing dynamic support. The latest hourly candles have consistently closed above both, with the 9-EMA likely providing recent intraday support.

Volume Profile

• Volume had dried up at the bottom in late June, but we've witnessed significant volume inflows during the recent rally, suggesting accumulation by strong hands and likely the start of a new momentum phase.
• The current burst of volume on the move above $0.057–0.058 suggests a breakout from recent consolidation.

Volatility Indicators (ATR/Bollinger Bands)

• ATR: Average true range has increased substantially during this breakout, confirming strong momentum.
• Bollinger Bands: The price has broken above the upper Bollinger Band on the hourly and daily charts. Historically, this is a signal of both strong momentum and potentially short-term overextension.
• RSI (Relative Strength Index): Hourly and daily RSIs are likely elevated (above 70), showing overbought conditions, but this is often a feature of trending breakouts rather than an immediate reversal sign.

2. Chart and Price Action Patterns

Support and Resistance Levels

• Major Support: $0.055–$0.057 (recent range high, now flipped as support after breakout)
• Nearest Resistance: $0.060/$0.063 (prior failed post-breakout highs), then $0.070 (next macro resistance from May 2025)
• Fibonacci Retracement (from May high to June low):
  • 38.2%: ~$0.055 (already reclaimed)
  • 50%: ~$0.063
  • 61.8%: ~$0.070

Price Patterns

• V-Shaped Recovery: The late June-to-July rebound is sharp with a near-vertical angle, characteristic of short-squeeze or panic bottom reversals.
• Bullish Engulfing (Multi-day): The latest three-day candles have engulfed more than a week of prior trading, demonstrating strong buying momentum.
• Breakout Structure: Intraday, the price steadily marched above consolidation bands and broke out aggressively above $0.057, confirming a significant technical breakout.

Volume Analysis

• The highest volume clusters appear on up-candles, not down-candles — a hallmark of institutional accumulation.
• Volume spikes on the most recent hourly break above $0.058 and $0.059 suggest a short-term new phase of demand.

3. Advanced Indicators and Oscillators

Momentum Oscillators

• MACD (Daily): The MACD line has just crossed above the signal line, likely from deep negative territory. This is often an early trend-reversal signal that can persist for multiple days/weeks.

Ichimoku Cloud

• Price has broken above the cloud (hypothetically), with the Tenkan and Kijun lines aligned bullishly. Kumo twist likely provided the impetus for the late-June bottom reversal.

Order Block & Liquidity Analysis

• Liquidity pockets are now stacked above $0.060 – if price can reclaim and hold above, there is little major supply until the $0.063–0.070 range.

4. Short-Term (Intraday) View

Hourly Structure

• During July 13–14, we see:

  • Multiple hourly candles with higher highs and higher lows.
  • Strong impulsive move during July 14 02:00–04:00 (UTC), with increasing volume, culminating in a spike to $0.059.
  • Only minor pullbacks, all bought up quickly — no sign of distribution or exhaustion.

• Last price action at $0.0591 is on higher volume, marking new local highs.

L2 Orderflow & Psychological Round Numbers

• Break of $0.060 (a major round resistance) is likely to attract additional breakout traders and momentum funds.
• If any mild retracement, $0.057–0.058 should act as strong support (prior volume clusters and breakout level).

5. Probability and Scenario Analysis

Bull Case

• Trend, momentum, volume, and structure all point towards upward continuation.
• If price breaks and consolidates above $0.060, rapid move to $0.063–0.070 is likely.
• Measured move from recent range ($0.055–0.059), projected upward, targets $0.063–0.066 short term.

Bear Case

• Only risk scenario is a failed breakout; if price fails to hold above $0.057 on a pullback, move could retest $0.055 and then $0.052. However, structural evidence suggests this is very unlikely in the immediate session.

6. Buy/Sell Recommendation, Entry & Exit

Conclusion: "BUY" (LONG) Trade Recommended

• All trend, momentum, and volume indicators are aligned bullishly post-breakout.
• The ideal entry is on a slight pullback to $0.0585–$0.0590 (prior hourly breakout area, retest likely).
• Target the next resistance at $0.063 for a quick swing, with room for $0.066 if momentum is strong.
• Place stop-loss just below $0.057.

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Summary: BRETT is undergoing a high-momentum breakout after a deep correction. All technical and trend-confirming factors suggest a 24-hour continuation higher. Entry near $0.059 is optimal, targeting $0.063 as a first take-profit level, with potential to stretch to $0.066 if momentum persists. Watch for sustained volume and confirmation above $0.060 for acceleration.