Technical analysis BTCUSD for 24.05.2022
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 28725. The closest resistance is the level 29750
Key levels
- 31600, 30650, 29750, 28725, 27675, 26650
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 28725, with Take Profit of 29750 and Stop Loss of 27675
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 27675, with Take Profit of 26650 and Stop Loss of 28725