Black Friday saleUp to 70% OFF

Brettusd

Meme Magic on BRETT: Don’t Miss This Bullish Trend!THIS IS A MUST BUY! 🚀 As most memes are currently flipping bullish, this one just fired a bullish signal right off the lows. What’s to like? This is just the beginning of the weekly trend. Sure, it might seem a bit late, but if everything aligns, the swing is safe to take. I can’t see a chart more bullish than this at weekly prices. Price targets are indicated by the boxes, so adjust your risk and go long now! 📈 Grab It Now, Cash In by November!💰📈
Long
by ZelfTrade
6
Brett (BRETT/USDT) TECHNICAL ANALYSIS + PRICE PREDICTIONTechnical Analysis by Blaž Fabjan Price Movement: The asset shows a clear downtrend, followed by a short period of consolidation, and it is now breaking through a resistance level. There is a marked bullish pattern, indicated by the breakout from a flag/pennant formation (shown by the blue upward line). This is often a continuation pattern signaling that the prior trend may resume after the consolidation. Resistance Level: There is a horizontal resistance line that has been marked. The price seems to be challenging this resistance after breaking out of a small downward consolidation channel (the flag pattern). Indicators: VMC Cipher B Divergences: This indicator shows a bullish divergence (green dots). The blue wave in the oscillator indicates increasing bullish momentum, which supports the potential for an upward move. RSI (14): The RSI stands at around 52.62, showing neutral to slightly bullish conditions. This leaves room for a potential upward move without being in overbought territory. Stochastic RSI (14,3): The Stoch RSI is currently at 62.37, showing that there might be a slight pullback in the short term, but overall, it is still in a favorable range for buying as it is not overbought. Trading Plan: Entry: Based on the breakout above the resistance line and the upward momentum, the chart marks a "good buy option" point right after the breakout of the downward consolidation channel. An entry around the current price of 0.0880 USDT would align with this technical signal, as it is near the breakout zone. Stop Loss: A safe stop loss could be placed just below the recent consolidation low at around 0.0700 USDT. This level would invalidate the bullish setup if the price were to fall below it. Take Profit: The target for this move could be aligned with the previous swing highs. The chart suggests a potential move toward the 0.1000 USDT level, which could be a conservative take-profit point based on the prior trend. If momentum continues strongly, the next possible target could be at 0.1100 USDT. Risk/Reward Ratio: Entry at 0.0880 USDT, stop loss at 0.0700 USDT, and take profit at 0.1000 USDT gives a risk/reward ratio of approximately 1:2, which is a reasonable trade setup. Conclusion: This chart suggests a potential short-term bullish opportunity for BRETT/USDT, particularly if the breakout is sustained. Based on the current indicators, a pullback could be expected, but the overall trend points towards upward momentum, making it a good buying opportunity if proper risk management is applied.
Long
by elfabiiani