Brett (Based) Price Analysis Powered by AI

BRETT Ascending Triangle Breakout: Technical Bull Run Poised to Continue – Buy Above $0.063

Trend Identification: The asset experienced an aggressive drawdown from early May highs (0.09+) to late June lows (ca. 0.035-0.04), then staged a sharp upward reversal.
Recent Momentum: Last 10-14 days show a major ascending swing, breaking above previous resistance clusters (ca. 0.055, 0.061) and now trading at 0.06337.
Candlestick Behavior: The last few daily candles are large-bodied bulls, with minimal upper shadows, reflecting impulsive bullish order flow.
Volume Surge: Volume notably escalated during the rally (July 15-20), confirming legitimacy of the move.

1-Hour/4-Hour Patterns:
- Strong sequential bullish closes beginning at ca. 0.058 and driving rapidly to recent highs (0.0647).
- Short-term pullbacks are quickly bought, as evidenced by the micro-dips into 0.061-0.062 range followed by rapid recoveries.
- Consolidation has been forming a potential ascending triangle between 0.0615 (support) and 0.0647 (resistance), with bullish breakout pressure rising.
Key Support/Resistance Levels:
- Major near-term resistance: 0.0647 (Jul 20th intraday high).
- Short-term pivot support: 0.0614.
- Higher timeframe resistance: 0.0685 (late April/early May, previous supply zone).

Short-term MA (EMA20/EMA50): Price is trading well above likely EMA20/50 (estimated to be ca. 0.056 & 0.061). This signals strong short-term momentum and suggests dips will be bought aggressively.
200-period MA: Longer-term MA resistance/supply likely only emerges near old highs (0.07-0.09), giving intermediate upside space.

Estimated RSI: Likely moving into overbought, but has not reached historical extremes (e.g., >80). Persistent momentum-rally markets can remain overbought for extended periods.

MACD Trend: Current MACD would be strongly bullish with a wide spread between MACD and signal lines, reflecting high velocity of recent move.

Band Expansion: Price is hugging the upper band for several candles, suggesting strong trend, but short-term volatility is high. Mean reversion risk only rises on confirmed reversal candles.

Major buy-side volume clusters are concentrated in 0.060–0.063, indicating value zones and likely dip-absorption by bulls. No significant blow-off top volume yet visible.

Ascending Triangle: Repeated higher lows (0.0614→0.0623→0.0631) with static resistance at 0.0647 – classic bullish continuation setup if a break occurs.
Breakout Confirmation: Any hourly close or expansion above 0.0647 is likely to trigger stop-buy orders and further momentum, targeting the next major resistance at 0.0685.
Fib Retracements: Applying a swing fib from recent low (0.055) to high (0.0647), shallow retracement support sits near 0.0615 and value area at 0.0623—both have repeatedly held.

The swift push from 0.056→0.063 on heavy volume indicates both spot demand and likely short squeeze/breakout participation.
Micro-dip scarcity: Very minor retracements are being heavily accumulated.
No abrupt high-volume capitulation candle or climax spike: further upside is possible before exhaustion.

ATR (Average True Range): Estimated at 0.0035–0.004 in last several sessions; high, but not abnormal for late-stage rally.
Stop Placement: Bulls will lean on the layer between 0.0614–0.0620; a breakdown below this zone suggests failed triangle and would generate a sharp pullback.
Profit-Taking Zone: Next resistance band is 0.0680–0.0695 (recent local highs, volume shelf, historical S/R).

Trend, Structure, and Momentum all point to bullish continuation.
Order Flow and Volume show aggressive accumulation, not distribution. No sign of major exit or reversal.
Chart Pattern (Ascending triangle) has not yet reached its measured move; breakout probability is high.
Risk: If lost, 0.0614–0.0620 is the clear stopout/pivot area—an ideal risk management anchor.
Fib, Moving Averages, and Band Compression: All validate the confluence around the breakout and upside target.

Bullish breakout highly probable given ongoing accumulation, order flow, and absence of distribution or reversal patterns. Short-term volatility is elevated but controlled; breakout rallies often overshoot first resistance.

BUY (LONG) at 0.0630 (spot or slight retrace), target 0.0682 within 24h on the continuation breakout.