Technical analysis BTCUSD for 28.07.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart. In this case, the cloud is ready to roll over from ascending to descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 22600. The closest resistance is the level 24255

Key levels

• 25800, 2455, 22600, 21600, 20300

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 22600, with Take Profit of 24255 and Stop Loss of 21600

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 21600, with Take Profit of 20300 and Stop Loss of 22600