Technical analysis BTCUSD for 30.05.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ready to roll over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 31130.00. The closest support is the level 29810.00

Key levels

• 32620.00, 31785.00, 31130.00, 29810.00, 29120.00, 28080.00

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 31130.00, with Take Profit of 31785.00 and Stop Loss of 30480.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 29810.00, with Take Profit of 29120.00 and Stop Loss of 30480.00