Technical analysis BTCUSD for 12.07.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crosses 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 20300.00. The closest support is the level 19300.00

Key levels

• 22600.00, 21200.00, 20300.00, 19300.00, 18000.00, 16867.50

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 20300.00, with Take Profit of 21200.00 and Stop Loss of 19800.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 19300.00, with Take Profit of 18000.00 and Stop Loss of 19800.00