Technical analysis BTCUSDT for 03.08.2023

The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crosses bottom upward 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 29590.00. The closest support is the level 29140.00

Key levels

• 30130.00, 29820.00, 29590.00, 29140.00, 28985.00, 28555.00

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 29590.00, with Take Profit of 29820.00 and Stop Loss of 29350.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 29140.00, with Take Profit of 28985.00 and Stop Loss of 29350.00