Technical analysis BTCUSDT for 08.08.2023
Tenkan-sen and Kijun-sen lines are merged. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 26419.00. The closest support is the level 22410.40

Key levels
- 28433.80, 26419.00, 22410.40, 20206.70, 17790.90
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 26419.00, with Take Profit of 28433.80 and Stop Loss of 24532.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 22410.40, with Take Profit of 20206.70 and Stop Loss of 24532.00