usdcbrl

USDC/BRL 1H - Sideways Channel & Breakout Setup 📊*

USDC/BRL is currently trading inside a tight sideways channel.

*Key Levels:*
Resistance: 5.0885
Support: 5.0805

As you can see on my chart, price took a strong bounce from 5.0805 and is now testing the 5.0885 resistance zone.

*Technical Indicators:*
- SAR dots are below the price - Bullish structure
- MACD (0.0002) showing bullish crossover
- RSI at 64.90 - Still not overbought, room for upside

*My Plan:*
If we get a 1H candle closing above 5.0885, breakout will be confirmed. Otherwise, price will continue to consolidate in this range.

This is not a Triangle, it's a Rectangle Consolidation. Patience is key.

Not financial advice. DYOR.

#USDC #BRL #TechnicalAnalysis #BinanceSquare #cryptouniverseofficial #usdcbrl #writetoearn #CryptoMarketAnalysis $USDC

Healthy profit-taking -0.27% on 24 bars with lower volume 13.05M.
- Now consolidating near 5.0874 below SAR, range 5.0740 - 5.1096.
- MACD DIF -0.0005 DEA -0.0002 MACD -0.0003 bearish below zero.
- RSI 47.65 neutral, no overbought.
- Vol USDC 12.8K BRL 64.9K MA5 32.2K MA10 90.2K - volume cooling.

Levels: Support 5.0740 Resistance 5.1096. Break above 5.0900 to resume bullish.

Educational only, NFA.

$USDC #writetoearn #usdcbrl $USDC