Technical analysis BITUSD for 01.12.2021

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support and resistance levels are Kijun-sen and Tenkan-se, respectively. The closest support is the level 53980

Key levels

• 68780, 62080, 59600, 57680, 53980, 50800.46500

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 57680, with Take Profit of 59600 and Stop Loss of 54667.50

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 53980, with Take Profit of 50800 and Stop Loss of 57680