Technical analysis BTCUSDT for 11.11.2024

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 above the Tenkan-se and Kijun-sen lines. The closest support is the level 79000. The closest resistance is the level 82000

Key levels

74000, 77000, 79000, 82000, 842000

Trading scenario

Recommended opening long positions (Buy Limit) from the level of 79000, with Take Profit of 842000 and Stop Loss of 77000

Alternative scenario

Recommended opening short positions (Sell Limit) from the level of 82000, with Take Profit of 74000 and Stop Loss of 842000