Technical analysis BTCUSDT for 27.07.2023

The Tenkan-sen line is located below 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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 29350. The closest resistance is the level 29700

Key levels

• 30350, 30000, 29700, 29350, 29000, 28500

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 29350, with Take Profit of 29700 and Stop Loss of 29000

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 29000, with Take Profit of 28500 and Stop Loss of 29350