Technical analysis BTCUSD for 25.01.2022

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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 33255. The closest resistance is the level 36770

Key levels

• 51925, 49235, 46655, 43850, 39840, 36770, 33255, 29450

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 36770, with Take Profit of 33255 and Stop Loss of 39840

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 39840, with Take Profit of 43850 and Stop Loss of 36770