Technical analysis BTCUSDT for 29.12.2023
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located above 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 trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 42300. The closest resistance is the level 42850
Key levels
- 44200, 43550, 42850, 42300, 41550
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 42850, with Take Profit of 43550 and Stop Loss of 42300
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 42300, with Take Profit of 41550 and Stop Loss of 42850
Scenario
Recommendation
BUY STOP
Entry Point
42850
Take Profit
43550
Stop Loss
42300
Key Levels
44200, 43550, 42850, 42300, 41550
Alternative scenario
Recommendation
SELL STOP
Entry Point
42300
Take Profit
41550
Stop Loss
42850
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.