Technical analysis BTCUSD for 19.01.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud turned over from descending to ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support and resistance levels are Tenkan-se and Kijun-sen, respectively. The closest support and resistance levels are Tenkan-se and Kijun-sen, respectively
Key levels
- 56387, 53946, 51377, 49128, 46461, 43893, 40748, 36949
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 43893 and Stop Loss of 40748
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 40748, with Take Profit of 36949 and Stop Loss of 42610
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.