Technical analysis BTCUSD for 10.06.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 29450. The closest resistance is the level 30065

Key levels

• 32185, 31200, 30565, 30065, 29450, 28650, 27725

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 29450, with Take Profit of 28650 and Stop Loss of 30065

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 30065, with Take Profit of 31200 and Stop Loss of 29450