Technical analysis BTCUSD for 25.01.2022
Week
Technical
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 is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 33255. The closest resistance is the level 36770
Key levels
- 51925, 49235, 46655, 43850, 39840, 36770, 33255, 29450
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 36770, with Take Profit of 33255 and Stop Loss of 39840
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 39840, with Take Profit of 43850 and Stop Loss of 36770
Scenario
Recommendation
SELL LIMIT
Entry Point
36770
Take Profit
33255
Stop Loss
39840
Key Levels
51925, 49235, 46655, 43850, 39840, 36770, 33255, 29450
Alternative scenario
Recommendation
BUY STOP
Entry Point
39840
Take Profit
43850
Stop Loss
36770
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
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.