Technical analysis BTCUSDT for 20.09.2023

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 27988.80. The closest support is the level 26603.20

Key levels

• 28980, 27988.80, 26603.20, 25803.40, 25059.90

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 27988.80, with Take Profit of 28980 and Stop Loss of 27308.30

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 26603.20, with Take Profit of 25803.40 and Stop Loss of 27308.30