Technical analysis BTCUSDT for 10.10.2023
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 28309.70. The closest support is the level 27277.60
Key levels
- 29340.80, 28309.70, 27277.60, 26237.00, 25179.90
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 28309.70, with Take Profit of 29340.80 and Stop Loss of 27750.30
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 27277.60, with Take Profit of 26237.00 and Stop Loss of 27750.30
Scenario
Recommendation
BUY STOP
Entry Point
28309.70
Take Profit
29340.80
Stop Loss
27750.30
Key Levels
29340.80, 28309.70, 27277.60, 26237.00, 25179.90
Alternative scenario
Recommendation
SELL STOP
Entry Point
27277.60
Take Profit
26237.00
Stop Loss
27750.30
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.