BITRISE buy now spot only hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Brise
BRISEUSD strong rise but still within the Channel Down.Bitgert (BRISEUSD) is having the strongest 2 day rise since February 01, approaching the 1D MA200 (orange trend-line) which is unbroken since April 27. This isn't however yet a reason to buy for the long-term as the price remains within the bearish trend of the long-term Channel Down pattern since the August 31 2022 High.
In order for us to buy, we want to see a 1D candle closing above the 0.382 Fibonacci level (0.00000041), in which case we will target the 0.618 Fibonacci at 0.0000006355. Similarly if a 1D candle closes above Resistance 1 (0.0000007065) then we will buy the break-out and target Resistance 2 at 0.000001285.
Until those break-outs take place and the price remains within the long-term Channel Down, expect a rejection at the top (Lower Highs trend-line) and the trade is a sell, targeting the Higher Lows (dashed) trend-line at 0.0000002875.
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BRISE: BREAKOUT TIMEBRISE has a high chance to enter a new breakout frame.
This depends on the day trading.
The coin has the same supply as the safe moon had before, safe moon did 10x but was not a legit project.
After that, it did end in the breakdown.
Know that trading coins like this can be risky.
This is not trading advice.
BRISE: CAN BECOME INTO TOP 100 AND GO OVER MOST MEMBitgert(BRISE) is a coin that can come in the top 100 at the long term on coinmarketcap.
THE blockchain project with zero fees can play an important role, but what is the price action view?
SHIBA, LUNC and all other memcoins build on hype and fomo, and we have seen also that it can be risky.
will BRISE bring here a change to it?
Brise seems to have an interesting structure that can increase with time in higher price action. The 6x0 coin can show some progress.
At the long term, this project can do more X if the project keeps going with exchange listing and also the development of blockchain.
This is not trading advice.
crypto can be very risky.