Technical analysis BTCUSD for 19.01.2022

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 turned over from descending to ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support and resistance levels are Tenkan-se and Kijun-sen, respectively. The closest support and resistance levels are Tenkan-se and Kijun-sen, respectively

Key levels

• 56387, 53946, 51377, 49128, 46461, 43893, 40748, 36949

Trading scenario

• Recommended opening long positions (Buy) at the current price, with Take Profit of 43893 and Stop Loss of 40748

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 40748, with Take Profit of 36949 and Stop Loss of 42610