Technical analysis BTCUSDT for 23.11.2023

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 support is the level 37025. The closest resistance is the level 37900

Key levels

• 38700, 37900, 37025, 36500, 35600

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 37025, with Take Profit of 37900 and Stop Loss of 36500

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 36500, with Take Profit of 35600 and Stop Loss of 37025