Technical analysis BTCUSDT for 29.12.2023

The Tenkan-sen line is located above 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 trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 42300. The closest resistance is the level 42850

Key levels

• 44200, 43550, 42850, 42300, 41550

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 42850, with Take Profit of 43550 and Stop Loss of 42300

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 42300, with Take Profit of 41550 and Stop Loss of 42850