Technical analysis BTCUSDT for 25.09.2023
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. 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 26375. The closest resistance is the level 26650
Key levels
- 27000, 26650, 26375, 26075, 25800
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 26375, with Take Profit of 26075 and Stop Loss of 26650
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 26650, with Take Profit of 27000 and Stop Loss of 26375
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.