Technical analysis BTCUSD for 10.05.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains 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 31600. The closest resistance is the level 33600

Key levels

• 39100, 37560, 35800, 33600, 31600, 29750, 27675

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 31600, with Take Profit of 29750 and Stop Loss of 33400

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 33600, with Take Profit of 35800 and Stop Loss of 31600