Technical analysis BTCUSD for 17.10.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains 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 resistance is the level 19610.0. The closest support is the level 19240.0

Key levels

• 19960.0, 19800.0, 19610.0, 19240.0, 19070.0, 18890.0

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 19610.0, with Take Profit of 19800.0 and Stop Loss of 19400.0

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 19240.0, with Take Profit of 19070.0 and Stop Loss of 19400.0