Technical analysis BTCUSDT for 06.09.2024
06.09.2024 01:10
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 55700. The closest resistance is the level 56500
Key levels
- 57500, 56500, 55700, 54900, 54000
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 55700, with Take Profit of 54900 and Stop Loss of 56500
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 56500, with Take Profit of 57500 and Stop Loss of 55700
Scenario
Recommendation
SELL STOP
Entry Point
55700
Take Profit
54900
Stop Loss
56500
Key Levels
57500, 56500, 55700, 54900, 54000
Alternative scenario
Recommendation
BUY STOP
Entry Point
56500
Take Profit
57500
Stop Loss
55700