Technical analysis BTCUSDT for 15.05.2023
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
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 trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 27100. The closest resistance is the level 27650
Key levels
- 29950, 29000, 28300, 27650, 27100, 26450, 25750
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 27650, with Take Profit of 28300 and Stop Loss of 27100
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 27100, with Take Profit of 26450 and Stop Loss of 27650
Scenario
Recommendation
BUY STOP
Entry Point
27650
Take Profit
28300
Stop Loss
27100
Key Levels
29950, 29000, 28300, 27650, 27100, 26450, 25750
Alternative scenario
Recommendation
SELL STOP
Entry Point
27100
Take Profit
26450
Stop Loss
27650
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.