Technical analysis BTCUSDT for 29.06.2023
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below 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 30500. The closest resistance is the level 31000
Key levels
- 31600, 31000, 30500, 30000, 29300
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 30500, with Take Profit of 31000 and Stop Loss of 30000
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 30000, with Take Profit of 29300 and Stop Loss of 30500
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.