Technical analysis BTCUSDT for 14.07.2023

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 26228.60. The closest support is the level 22370.10

Key levels

• 30634.10, 28481.20, 26228.60, 22370.10, 20159.30

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 26228.60, with Take Profit of 28481.20 and Stop Loss of 24246.70

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 22370.10, with Take Profit of 20159.30 and Stop Loss of 24246.70