Technical analysis BTCUSD for 04.10.2022

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 trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 19200. The closest resistance is the level 19725

Key levels

• 20750, 20150, 19725, 19200, 18700

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 19725, with Take Profit of 19200 and Stop Loss of 20150

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 20150, with Take Profit of 20750 and Stop Loss of 19725