Technical analysis BTCUSDT for 01.12.2023

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 38150. The closest resistance is the level 38850

Key levels

• 39350, 38850, 38150, 37775, 37150

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 38150, with Take Profit of 38850 and Stop Loss of 37775

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 37775, with Take Profit of 37150 and Stop Loss of 38150