Technical analysis BTCUSDT for 08.10.2024
08.10.2024 08:13
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud turned over from ascending to descending. Instrument is trading below the Tenkan-se and Kijun-sen lines
Key levels
- 61667, 62197, 62712, 63438, 64544
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 62197, with Take Profit of 63438 and Stop Loss of 61667
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 63438, with Take Profit of 62197 and Stop Loss of 64544
Scenario
Recommendation
BUY LIMIT
Entry Point
62197
Take Profit
63438
Stop Loss
61667
Key Levels
61667, 62197, 62712, 63438, 64544
Alternative scenario
Recommendation
SELL LIMIT
Entry Point
63438
Take Profit
62197
Stop Loss
64544