Technical analysis BTCUSD for 01.07.2022

The Tenkan-sen line is located below 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 trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 19270. The closest resistance is the level 19600

Key levels

• 21500, 20800, 20400, 20000, 19600, 19270, 18600

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 19270, with Take Profit of 18600 and Stop Loss of 19600

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 19600, with Take Profit of 20400 and Stop Loss of 19270