Technical analysis BTCUSD for 29.09.2022

Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 19100. The closest resistance is the level 19725

Key levels

• 20950, 20350, 19725, 19100, 18375

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 19725, with Take Profit of 19100 and Stop Loss of 20350

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 20350, with Take Profit of 20950 and Stop Loss of 20015.95