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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Find top crypto tokens with sector indices, AI-powered sentiment analysis & news summaries.
tokenradar.ai/tv
tokenradar.ai/tv
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.