Technical analysis BTCUSDT for 11.09.2023

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 26591.20. The closest support is the level 25203.10

Key levels

• 29417.40, 27979.30, 26591.20, 25203.10, 23899.90

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 26591.20, with Take Profit of 27979.30 and Stop Loss of 25865.90

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 25203.10, with Take Profit of 23899.90 and Stop Loss of 25865.90