Technical analysis BTCUSDT for 13.09.2023
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart. In this case, the cloud is ready to roll over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 25900. The closest resistance is the level 26350
Key levels
- 26950, 26650, 26350, 25900, 25550
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 26350, with Take Profit of 25900 and Stop Loss of 26650
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 26650, with Take Profit of 26950 and Stop Loss of 26350
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.