Technical analysis BTCUSD for 11.04.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 40740.00. The closest support is the level 39740.00
Key levels
- 42780.00, 41710.00, 40740.00, 39740.00, 38770.00, 37860.00
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 40740.00, with Take Profit of 41710.00 and Stop Loss of 40300.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 39740.00, with Take Profit of 38770.00 and Stop Loss of 40300.00