Technical analysis BTCUSD for 03.03.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. 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 support is the level 41650. The closest resistance is the level 45400

Key levels

• 51255, 48380, 45400, 41650, 39325, 36550, 34400, 32050

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 41650, with Take Profit of 45400 and Stop Loss of 39325

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 39325, with Take Profit of 36550 and Stop Loss of 41650