Technical analysis BTCUSD for 31.08.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 19725. The closest resistance is the level 20350
Key levels
- 22300, 21500, 20950, 20350, 19725, 19100
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 20350, with Take Profit of 19725 and Stop Loss of 20950
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 20950, with Take Profit of 21500 and Stop Loss of 20800
Scenario
Recommendation
SELL LIMIT
Entry Point
20350
Take Profit
19725
Stop Loss
20950
Key Levels
22300, 21500, 20950, 20350, 19725, 19100
Alternative scenario
Recommendation
BUY STOP
Entry Point
20950
Take Profit
21500
Stop Loss
20800
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
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.