Comprehensive Technical Analysis for Brett (Based) (BRETT)

Step 1: Trend Analysis (Multi-timeframe)

• Macro Trend (3-month daily): The asset shows a strong bullish move from late April to mid-May, peaking near $0.09, before a corrective phase down to $0.035 in late June. Since that bottom, strong recovery and renewed bullish momentum are present, with price almost doubling in three weeks.
• Micro Trend (last 5 days, hourly): Price has made higher highs and higher lows, breaking through several resistance levels and showing a pronounced shift toward bullish structure. The most recent hourly closes have pushed the asset towards a local high at $0.0598, coinciding with the highest close in nearly a month.

Step 2: Support & Resistance Mapping

• Major Supports:
  • $0.055 – Strong former resistance and large volume node.
  • $0.052 – Minor retracement support seen in recent micro-pullbacks.
  • $0.043 – Confluence zone from June lows and former breakout retests.
• Major Resistances:
  • $0.062 – Previous short-term high on July 16/17.
  • $0.066 – June swing-high block; large volume spikes in this zone.
  • $0.074 – Major breakdown area from late May.

Step 3: Volume & Momentum Examination

• Volume:
  • Recent daily volume (July 18/19) is at high levels (27.6M so far in <24h, previous days 63-58M), indicating increased buying activity and interest.
  • Largest volume surges often corresponded with bullish candle closes, supporting trend continuation potential.
• Momentum:
  • RSI (inferred, as no explicit value)—projected to be in the 65-75 region on the daily due to sharp price recovery and recent overextension, signaling possible early overbought but no divergences confirming exhaustion.
  • MACD (qualitative approximation) shows increasing separation from the signal line (bullish crossover likely occurred on July 15-16).

Step 4: Candlestick & Price Action Patterns

• Daily Candlesticks: Strong green candles since July 15, with each bar closing at or near its high—a clear trend of strength with shallow pullbacks and supporting uptrends.
• Intraday (hourly): Sequence of bullish engulfing patterns (e.g., 18:00-20:00 on July 19), and the 21:00 close at the high suggests upward pressure into the next 12-24 hours. There are no signs yet of topping wicks or major rejections to indicate imminent retracement.
• No Doji, topping, or exhaustion candles evident in last 2 days; any minor retracement has been quickly bought.

Step 5: Pattern Recognition

• V-shaped Recovery: From late June to July 19, a sharp reversal pattern is evident. After a capitulation at $0.035, price surged in a V-formation, often a sign of a sustainable reversal when confirmed by volume.
• Mini Bull Flag/Continuation: The range between $0.054-0.057 over July 11-15 formed a base before the next leg up. The current price action above $0.058 forms the early stages of another mini-flag with measured move targeting $0.062+ in the short term.

Step 6: Moving Averages (EMAs/SMA, Inferred)

• Short-term EMAs (projected 8/21 MA): Bullish crossover likely occurred around July 16. Price is currently trading above all significant moving averages, with dynamic support anticipated at $0.057 (21EMA projection) and $0.055 (50SMA projection).

Step 7: Fibonacci Retracement & Extension

• Fib Retracements (from $0.092 high to $0.035 low):

  • 23.6% — $0.050
  • 38.2% — $0.064 (major current level)
  • 50% — $0.063/$0.0635
  • 61.8% — $0.072 Current price has surpassed 38.2% retracement, and the next Fib confluence is near $0.064, acting as immediate resistance/target.

• Fib Extensions:

  • Measured move from recent consolidation (July 13-15, $0.055 to $0.061, +$0.006 → extension from $0.0598 break = $0.0658 target)

Step 8: Volatility (ATR, Inferred)

• ATR Projection:
  • Recent days show ATR (true range) between $0.003 and $0.005. A 24h move of +$0.004 (6-7%) is reasonable, with extension in high momentum moves up to $0.008 (12-14%).

Step 9: Order Book & Sentiment (Market Context, Inferred)

• Aggressive buyers have driven strong closes at local highs. Order flow appears to be in favor of buyers as latecomers join the trend.
• General altcoin/crypto sentiment by mid-July 2025 (not explicit from chart, but inferred from volume and price acceleration) appears positive.

Step 10: Risk Management & Probability Assessment

• Bullish Factors:
  • Consecutive higher lows, convincing breakouts with volume-backed price surges.
  • No major overhead resistance until $0.062-$0.064 and $0.066.
• Caveats:
  • Some short-term overbought risk (intraday RSI), so some consolidation/sideways movement before next leg possible.
  • Potential for quick retracement toward $0.057 support on any abrupt market pullback.

Conclusion: Trading Decision

• Directional Bias: Strong Buy (Long Position)
• Rationale: Multiple confluence signals: uptrend, bullish volume, strong closing momentum, lack of immediate supply above, positive microstructure.

Optimal Entry & Exit

• Open Long at: $0.0595 (slight retracement or limit order close to current price, just below most recent close to maximize risk/reward)
• Take Profit Target (Close): $0.064 (near next resistance/Fibonacci cluster, major horizontal supply)

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Summary: Technicals are aligned for further upside in the next 24 hours. The optimal setup is to buy a minor pullback at $0.0595, targeting $0.064 for an immediate swing. Momentum and volume support a continued bull run barring sudden negative catalysts. Use trailing stops or manual management in case of sharp accelerations.

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