Technical analysis BTCUSDT for 25.08.2023
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 25810.40. The closest support is the level 23207.90
Key levels
- 27678.30, 25810.40, 23207.90, 21528.80, 19828.70
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 25810.40, with Take Profit of 27678.30 and Stop Loss of 24532.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 23207.90, with Take Profit of 21528.80 and Stop Loss of 24532.00
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.