Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
BRETT has broken above the bullish pennant and is currently retesting the resistance trendline. It is likely to see a rebound after the retest, which will push the price to test the all-time high level at $0.1955.
The 50 EMA (blue line) shows decent support for BRETT. A breakdown below the 50 EMA will likely drop the price to the lower support level of $0.1256.
~ Primary Support/Entry 1: $0.15 to $0.1568.
~ Lower Support/Entry 2: $0.122 to $0.1256.
~ Primary Resistance/Target: $0.1955 (All-time high).
~ Invalidation point: A breakdown and close below the lower support level.
DYOR. NFA.
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