Technical analysis BTCUSD for 21.07.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 22500. The closest resistance is the level 23200

Key levels

• 23900, 23200, 22500, 21800, 21100

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 22500, with Take Profit of 23200 and Stop Loss of 21800

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 21800, with Take Profit of 21100 and Stop Loss of 22500