Technical analysis BTCUSDT for 18.12.2023
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. 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 41350. The closest resistance is the level 42150
Key levels
- 42850, 42150, 41350, 40800, 39850
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 41350, with Take Profit of 42150 and Stop Loss of 40800
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 40800, with Take Profit of 39850 and Stop Loss of 41350
Scenario
Recommendation
BUY LIMIT
Entry Point
41350
Take Profit
42150
Stop Loss
40800
Key Levels
42850, 42150, 41350, 40800, 39850
Alternative scenario
Recommendation
SELL STOP
Entry Point
40800
Take Profit
39850
Stop Loss
41350
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.