Technical analysis BTCUSD for 23.08.2022
23.08.2022 09:12
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. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 20350. The closest resistance is the level 20950
Key levels
- 22300, 21500, 20950, 20350, 19725
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 20950, with Take Profit of 20350 and Stop Loss of 21500
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 21500, with Take Profit of 22300 and Stop Loss of 20950
Scenario
Recommendation
SELL LIMIT
Entry Point
20950
Take Profit
20350
Stop Loss
21500
Key Levels
22300, 21500, 20950, 20350, 19725
Alternative scenario
Recommendation
BUY STOP
Entry Point
21500
Take Profit
22300
Stop Loss
20950