Technical analysis BTCUSDT for 30.08.2024

The Tenkan-sen line is located below the Kijun-sen line. Both lines are 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 58700. The closest resistance is the level 59600

Key levels

• 61200, 60350, 59600, 58700, 58200, 57600

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 59600, with Take Profit of 58700 and Stop Loss of 60350

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 60350, with Take Profit of 61200 and Stop Loss of 59600