Technical analysis BTCUSD for 23.08.2022

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 20350. The closest resistance is the level 20950

Key levels

• 22300, 21500, 20950, 20350, 19725

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 20950, with Take Profit of 20350 and Stop Loss of 21500

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 21500, with Take Profit of 22300 and Stop Loss of 20950