Technical analysis BTCUSDT for 01.11.2023
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 above the Tenkan-se and Kijun-sen lines. The closest support is the level 34175. The closest resistance is the level 34750
Key levels
- 35850, 35200, 34750, 34175, 33550
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 34750, with Take Profit of 34175 and Stop Loss of 35200
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 35200, with Take Profit of 35850 and Stop Loss of 34750
Scenario
Recommendation
SELL LIMIT
Entry Point
34750
Take Profit
34175
Stop Loss
35200
Key Levels
35850, 35200, 34750, 34175, 33550
Alternative scenario
Recommendation
BUY STOP
Entry Point
35200
Take Profit
35850
Stop Loss
34750
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.