Technical analysis BTCUSDT for 11.12.2023

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 41400. The closest resistance is the level 42325

Key levels

• 43350, 42825, 42325, 41400, 40750

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 43350, with Take Profit of 41400 and Stop Loss of 42825

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 42825, with Take Profit of 43350 and Stop Loss of 43350