Technical analysis BTCUSD for 01.02.2022
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument has broken through the upper border of the cloud and continued to grow. The closest support is the level 38230. The closest resistance is the level 39500
Key levels
- 43540, 41050, 39500, 38230, 37000, 35500, 33000, 31400
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 38230, with Take Profit of 39500 and Stop Loss of 37000
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 37000, with Take Profit of 35500 and Stop Loss of 38230