Technical analysis BTCUSD for 18.05.2022

The Tenkan-sen line is located above 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 29750. The closest resistance is the level 31600

Key levels

• 35800, 33600, 31600, 29750, 27675, 26000

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 29750, with Take Profit of 27675 and Stop Loss of 31600

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 31600, with Take Profit of 33600 and Stop Loss of 29750