Technical analysis BTCUSDT for 31.10.2024
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 71500. The closest resistance is the level 73500
Key levels
- 74500, 73500, 71500, 70500, 69000
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 71500, with Take Profit of 73500 and Stop Loss of 70500
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 70500, with Take Profit of 69000 and Stop Loss of 71500
Scenario
Recommendation
BUY LIMIT
Entry Point
71500
Take Profit
73500
Stop Loss
70500
Key Levels
74500, 73500, 71500, 70500, 69000
Alternative scenario
Recommendation
SELL STOP
Entry Point
70500
Take Profit
69000
Stop Loss
71500
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.