Technical analysis BTCUSD for 21.03.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 41745.00. The closest support is the level 40826.50
Key levels
- 43278.20, 42340.00, 41745.00, 40826.50, 40000.00, 39195.00, 38530.00, 37575.00, 36680.00
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 40826.50, with Take Profit of 39195.00 and Stop Loss of 41745.00
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 39195.00, with Take Profit of 40826.50 and Stop Loss of 38530.00
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.