Technical analysis BTCUSDT for 05.09.2024
05.09.2024 16:26
Technical
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines
Key levels
52500, 56000, 60000, 64000, 68500
Trading scenario
Recommended opening long positions (Buy Limit) from the level of 56000, with Take Profit of 63500 and Stop Loss of 52600
Alternative scenario
Recommended opening short positions (Sell Limit) from the level of 64000, with Take Profit of 61000 and Stop Loss of 68400
Scenario
Recommendation
BUY LIMIT
Entry Point
56000
Take Profit
63500
Stop Loss
52600
Key Levels
52500, 56000, 60000, 64000, 68500
Alternative scenario
Recommendation
SELL LIMIT
Entry Point
64000
Take Profit
61000
Stop Loss
68400