Technical analysis BTCUSD for 15.03.2022

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 trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 39195. The closest support is the level 38530

Key levels

• 42340, 41745, 40870, 40000, 39195, 38530, 37575, 36680

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 38530, with Take Profit of 37575 and Stop Loss of 39195

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 39195, with Take Profit of 40000 and Stop Loss of 38530