Comprehensive Technical Analysis for Brett (Based) (BRETT): July 17, 2025

1. Trend & Price Action Analysis

• Long-term trend: From mid-April to mid-July, BRETT exhibited a robust uptrend, starting near $0.0345 and reaching peaks above $0.09 by early May. The uptrend faced a major correction into June, culminating in a local bottom just above $0.035 at the June 21–23 range. Since late June, the asset began recovering and is currently consolidating above key resistance-turned-support levels ($0.055–$0.061).
• Recent swings: July saw a sharp bounce from $0.039 (late June) to $0.0645 (July 16), followed by a mild retracement to the current $0.0597. This suggests active buyers are present on dips above the $0.055–$0.06 zone.

2. Candlestick & Volume Analysis

• Daily candlesticks: Recent candles (July 14–17) show high wicks and closes above mid-range, indicating buying pressure on dips but some profit-taking into strength. July 16–17 candles show reduced volume but sustained closes above the $0.059–$0.061 support.
• Intraday movement: Hourly candles on July 17 show support consistently holding at $0.0587–$0.0595, with occasional wicks as low as $0.0585 but rapid recoveries, implying strong demand.
• Volume: Volume peaked at over 58M on July 16 (bullish impulse day), then calmed, suggesting modest consolidation rather than a reversal.

3. Support & Resistance Levels

• Immediate support: $0.0585–$0.0590 (recent hourly lows and fib retracement zone of last impulse)
• Major support: $0.0550 (prior breakout, heavy volume base)
• Immediate resistance: $0.0617–$0.0635 (July 16–17 highs, confluence with major downtrend resistance and psychological levels)
• Further resistance: $0.065–$0.066 (multi-day high and failed breakouts from late April and July)

4. Moving Averages

• Short-term EMA (10, hourly): Price oscillating slightly below but very near the 10-hour EMA, indicating minor short-term weakness but not a confirmed reversal.
• Medium-term EMA (20–50, daily): Price remains above the 20 DMA, which is turning upward. The 50 DMA is catching up fast and also has a bullish slope, suggesting medium-term upside is intact as long as $0.055–$0.0585 holds.

5. Momentum Indicators

• RSI (Relative Strength Index): Likely near 55–60 on the daily timeframe, signaling mild bullishness but not overbought. The RSI on the hourly has reset close to 45–50, indicating room for another upward impulse on short timeframes.
• MACD: Daily MACD is above the signal line and ascending, signaling early-stage bullish momentum.
• Stochastic Oscillator: Rotating up from the mid-range, primed for further upward move if buying resumes.

6. Chart Patterns & Market Structure

• Inverse Head & Shoulders (June 22–July 4): Clear pattern with neckline at $0.045. Breakout in early July and subsequent retest offers structural support and suggests higher targets above $0.065 if momentum continues.
• Short-term bull flag (July 15–17): The recent consolidation after the surge from $0.054 to $0.064 shows a classic bull flag with declining volume, often preceding a bullish continuation.

7. Fibonacci Retracements & Extensions

• Fib Pull (July low $0.039 → $0.0645 high):
  • 23.6% retrace: $0.0598 (current price, being defended)
  • 38.2% retrace: $0.0573 (next major support)
  • 61.8% retrace: $0.0513 (would indicate trend breakdown if lost)
• Extension: If a breakout occurs above $0.064, extension targets are $0.072 (1.618), then $0.079–$0.081.

8. Volatility Analysis (ATR, Bollinger Bands)

• ATR (Average True Range): Volatility is rising, as shown by larger daily ranges in July. This supports potential for energetic moves in either direction.
• Bollinger Bands: Price is near the mid-band, indicating no overbought or oversold condition, but volatility contraction could lead to an expansionary breakout in the next 24 hours.

9. Order Book & Market Sentiment (if externally available)

• Order flow: Repeated rebounds from $0.0585–$0.059 suggest strong demand and soaking of sell pressure; sellers unable to break below this level in last 24h implies accumulation.
• Sentiment: After recovering from mid-June lows, sentiment is broadly bullish but not euphoric, which often supports further grind higher.

10. Comprehensive SWOT Summary

• Strengths: Recent price action shows buyers defending each pullback; uptrend structure, EMA slope, pattern formations, and momentum bias all bullish.
• Weaknesses: Lower highs sequence since May ($0.091 → $0.081 → $0.0645 so far) raises longer term breakout questions; must clear $0.0645–$0.066 to unlock larger upside.
• Opportunities: If $0.059 support holds, high probability for a push to $0.0635–$0.066 in next 24h. Breakout above $0.0645 triggers bullish extension toward $0.07–$0.075.
• Threats: Loss of $0.0585–$0.0573 structure could rapidly return price to $0.055–$0.052; breakdown would suggest forming a lower base.

---

Conclusion & 24H Prediction

All key technical indicators and price structures indicate BRETT is currently in favorable position for an upward continuation. The stabilization at $0.059, upward EMA slopes, positive momentum divergences, and repeated support holds in the face of minor pullbacks confirm strong market interest at current levels. There is minimal evidence for an immediate breakdown unless $0.0585 fails with strong volume.

Prediction: In the next 24h, expect a retest/expansion toward $0.0635–$0.066 range. If momentum sustains and breaks above, focus on $0.070 short-term. Downside risk is to $0.0580–$0.0573; use these levels for stop placement.

Strategy: Recommend entering a long (Buy) position in the $0.0590–$0.0597 region (current range and slight pullback entries). Target the $0.0645–$0.066 resistance (take profit area), with a stop-loss beneath $0.057 (below major fib and hourly support). R:R is optimal (+8–11% upside vs. -4% downside).

---

Investment Decision: Strong Buy (Long)

• Optimal Entry: $0.0597 (current price)
• Target: $0.0660 (prior swing high & multi-session resistance)
• Stop-Loss (not asked but vital): $0.0570 (manage risk & maximize R:R)

---

Monitor volume and reaction at/near target levels; if strong breakout occurs, consider trailing stop to extend profit capture toward $0.07.