Technical analysis BTCUSDT for 10.08.2023

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 29350. The closest resistance is the level 29600

Key levels

• 29850, 29600, 29350, 29150, 28950

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 29350, with Take Profit of 29600 and Stop Loss of 29150

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 29150, with Take Profit of 28950 and Stop Loss of 29350