Technical analysis BTCUSDT for 12.11.2024

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 and resistance levels are Tenkan-se and Kijun-sen, respectively. The closest support and resistance levels are Kijun-sen and Tenkan-se, respectively

Key levels

72570.00, 80993.95, 82636.17, 84734.56, 89509.14

Trading scenario

Recommended opening long positions (Buy Limit) from the level of 84734.56, with Take Profit of 89509.14 and Stop Loss of 82636.17

Alternative scenario

Recommended opening long positions (Buy Limit) from the level of 82636.17, with Take Profit of 89509.14 and Stop Loss of 72570.00