Technical analysis BTCUSD for 20.01.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ready to roll over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 42456. The closest resistance is the level 44698

Key levels

• 51866, 49195, 47042, 44698, 42456, 40593, 38214

Trading scenario

• Recommended opening long positions (Buy) at the current price, with Take Profit of 44698 and Stop Loss of 42456

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 42456, with Take Profit of 40593 and Stop Loss of 43500