Lokesh Gupta
02-07-2024
#Brett launched on April 18 and has experienced a remarkable 550% surge over the past three months.
After reaching a peak near $0.2000, Brett retraced by approximately 40% to around $0.1200.
Following this retracement, an uptrend formed with a notable support trendline evident on the 4-hour chart, supported by consistent higher low formations.
Recently, Brett broke out of a symmetrical triangle pattern, briefly dipping to the trendline before signaling a potential rebound.
#Brett has surged by 19.50% in the last 8 days, with ambitions to exceed its previous record high of $0.20.
The $0.1700 price point has consistently acted as a formidable barrier for $BRETT, corresponding with the 61.80 Fibonacci retracement level.
According to Coingabbar Prediction, Failure to breach this resistance could prompt a test of support levels at $0.1400 and potentially $0.1200, posing a risk to its bullish trend.
According to Fibonacci analysis based on recent trends, Brett could target the $0.24 mark if bullish momentum continues.
KEY LEVELS :
RESISTANCE LEVEL : $0.20000-$0.25000
SUPPORT LEVEL : $0.12000-$0.07500
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Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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