Technical analysis BTCUSDT for 06.11.2023

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 34650. The closest resistance is the level 35350

Key levels

• 36000, 35350, 34650, 34250, 33400

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 34650, with Take Profit of 35350 and Stop Loss of 34250

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 34250, with Take Profit of 33400 and Stop Loss of 34650