The BRETT/USDT daily chart shows a significant bullish development as price has successfully reclaimed the 90-day VWAP (orange line) around $0.05802. This reclaim represents a crucial shift in market sentiment after months of consolidation.
Key Technical Observations:
Price broke above the 90-day VWAP with strong momentum
RSI showing healthy bullish momentum without being overbought
Price action suggests buyers are regaining control
Price Targets:
First resistance zone: $0.08000 (previous consolidation area)
Second resistance: $0.13000 (major resistance level marked in red)
Risk Considerations:
A daily close back below the 90-day VWAP would invalidate the bullish thesis
The breakout needs sustained volume to confirm the move
Previous resistance around $0.08000 could provide temporary selling pressure
The reclaim of this key VWAP level often signals the beginning of a new uptrend phase, making this an interesting development for momentum traders.
Key Technical Observations:
Price broke above the 90-day VWAP with strong momentum
RSI showing healthy bullish momentum without being overbought
Price action suggests buyers are regaining control
Price Targets:
First resistance zone: $0.08000 (previous consolidation area)
Second resistance: $0.13000 (major resistance level marked in red)
Risk Considerations:
A daily close back below the 90-day VWAP would invalidate the bullish thesis
The breakout needs sustained volume to confirm the move
Previous resistance around $0.08000 could provide temporary selling pressure
The reclaim of this key VWAP level often signals the beginning of a new uptrend phase, making this an interesting development for momentum traders.
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Find top crypto tokens with sector indices, AI-powered sentiment analysis & news summaries.
tokenradar.ai/tv
tokenradar.ai/tv
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.