Technical analysis BTCUSDT for 27.07.2023
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 29350. The closest resistance is the level 29700
Key levels
- 30350, 30000, 29700, 29350, 29000, 28500
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 29350, with Take Profit of 29700 and Stop Loss of 29000
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 29000, with Take Profit of 28500 and Stop Loss of 29350
Scenario
Recommendation
BUY LIMIT
Entry Point
29350
Take Profit
29700
Stop Loss
29000
Key Levels
30350, 30000, 29700, 29350, 29000, 28500
Alternative scenario
Recommendation
SELL STOP
Entry Point
29000
Take Profit
28500
Stop Loss
29350
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
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.