Technical analysis BTCUSD for 28.04.2022
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 38770. The closest resistance is the level 39740
Key levels
- 42780, 41710, 40740, 39740, 38770, 37860
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 39740, with Take Profit of 40740 and Stop Loss of 38770
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 38770, with Take Profit of 37860 and Stop Loss of 39400
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.