Technical analysis BTCUSD for 28.12.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 16675. The closest resistance is the level 16875

Key levels

• 17150, 16875, 16675, 16475, 16250

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 16675, with Take Profit of 16475 and Stop Loss of 16875

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 16875, with Take Profit of 17150 and Stop Loss of 16675