Technical analysis BTCUSD for 21.06.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 21970.00. The closest support is the level 21030.00

Key levels

• 23720.00, 22660.00, 21970.00, 21030.00, 20510.00, 19490.00

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 21970.00, with Take Profit of 22660.00 and Stop Loss of 21500.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 21030.00, with Take Profit of 20510.00 and Stop Loss of 21500.00