Technical analysis BTCUSDT for 10.08.2023
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
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 below the Tenkan-se and Kijun-sen lines. The closest support is the level 29350. The closest resistance is the level 29600
Key levels
- 29850, 29600, 29350, 29150, 28950
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 29350, with Take Profit of 29600 and Stop Loss of 29150
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 29150, with Take Profit of 28950 and Stop Loss of 29350
Scenario
Recommendation
BUY LIMIT
Entry Point
29350
Take Profit
29600
Stop Loss
29150
Key Levels
29850, 29600, 29350, 29150, 28950
Alternative scenario
Recommendation
SELL STOP
Entry Point
29150
Take Profit
28950
Stop Loss
29350
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.