Technical analysis BTCUSD for 26.05.2022

Tenkan-sen and Kijun-sen lines are merged. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is ready to roll over from ascending to descending. Instrument entered the cloud. The closest support is the level 28725. The closest resistance is the level 29750

Key levels

• 31600, 30650, 29750, 28725, 27675, 26650

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 29750, with Take Profit of 28725 and Stop Loss of 30650

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 30650, with Take Profit of 31600 and Stop Loss of 29750