Technical analysis BTCUSDT for 01.12.2023
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
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 38150. The closest resistance is the level 38850
Key levels
- 39350, 38850, 38150, 37775, 37150
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 38150, with Take Profit of 38850 and Stop Loss of 37775
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 37775, with Take Profit of 37150 and Stop Loss of 38150
Scenario
Recommendation
BUY LIMIT
Entry Point
38150
Take Profit
38850
Stop Loss
37775
Key Levels
39350, 38850, 38150, 37775, 37150
Alternative scenario
Recommendation
SELL STOP
Entry Point
37775
Take Profit
37150
Stop Loss
38150
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.