Technical analysis BTCUSDT for 18.12.2023

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 41350. The closest resistance is the level 42150

Key levels

• 42850, 42150, 41350, 40800, 39850

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 41350, with Take Profit of 42150 and Stop Loss of 40800

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 40800, with Take Profit of 39850 and Stop Loss of 41350