Technical analysis BTCUSDT for 14.07.2023

14.07.2023 17:08
Intraday
Technical

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 26228.60. The closest support is the level 22370.10

Key levels

  • 30634.10, 28481.20, 26228.60, 22370.10, 20159.30

Trading scenario

  • Recommended opening long positions (Buy Stop) from the level of 26228.60, with Take Profit of 28481.20 and Stop Loss of 24246.70

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 22370.10, with Take Profit of 20159.30 and Stop Loss of 24246.70

Scenario
Recommendation
BUY STOP

Entry Point
26228.60

Take Profit
28481.20

Stop Loss
24246.70

Key Levels
30634.10, 28481.20, 26228.60, 22370.10, 20159.30
Alternative scenario
Recommendation
SELL STOP

Entry Point
22370.10

Take Profit
20159.30

Stop Loss
24246.70