Technical analysis BTCUSDT for 24.10.2023

Tenkan-sen and Kijun-sen lines are merged. 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 32700. The closest resistance is the level 33350

Key levels

• 34000, 33350, 32700, 32050, 31450

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 33350, with Take Profit of 34000 and Stop Loss of 32700

Alternative scenario

• Recommended opening short positions (Sell Limit) from the level of 32700, with Take Profit of 32050 and Stop Loss of 33350