Technical analysis BTCUSDT for 12.01.2024
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span crossed and fixed below the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 44700. The closest resistance is the level 45400
Key levels
- 46500, 45400, 44700, 43850, 43100
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 44700, with Take Profit of 43850 and Stop Loss of 45400
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 45400, with Take Profit of 46500 and Stop Loss of 44700
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.