Technical analysis BTCUSD for 16.02.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 42500. The closest resistance is the level 44750

Key levels

• 52000, 47500, 44750, 42500, 40200, 37500, 33000

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 44750, with Take Profit of 40200 and Stop Loss of 46000

Alternative scenario

• Recommended opening long positions (Buy Limit) from the level of 40200, with Take Profit of 44750 and Stop Loss of 37500