Technical analysis BTCUSDT for 14.05.2024
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 descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 61300. The closest resistance is the level 62300
Key levels
- 65000, 63600, 62300, 61300, 60000
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 62300, with Take Profit of 63600 and Stop Loss of 61300
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 61300, with Take Profit of 60000 and Stop Loss of 62300
Scenario
Recommendation
BUY STOP
Entry Point
62300
Take Profit
63600
Stop Loss
61300
Key Levels
65000, 63600, 62300, 61300, 60000
Alternative scenario
Recommendation
SELL STOP
Entry Point
61300
Take Profit
60000
Stop Loss
62300
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.