Technical analysis BTCUSDT for 05.10.2023
The Tenkan-sen line is located below the Kijun-sen line. Blue is directed upwards, while red remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located below the Kijun-sen line. Blue is directed upwards, while red remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 28312.70. The closest support is the level 27286.90
Key levels
- 29230.20, 28312.70, 27286.90, 26451.40, 25649.00
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 28312.70, with Take Profit of 29230.20 and Stop Loss of 27808.20
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 27286.90, with Take Profit of 26451.40 and Stop Loss of 27808.20
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.