Technical analysis BTCUSD for 03.06.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 29810. The closest resistance is the level 30675
Key levels
- 32325, 31400, 30675, 29810, 28925, 27750
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 31400, with Take Profit of 32325 and Stop Loss of 30675
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 29810, with Take Profit of 28925 and Stop Loss of 30675
Scenario
Recommendation
BUY STOP
Entry Point
31400
Take Profit
32325
Stop Loss
30675
Key Levels
32325, 31400, 30675, 29810, 28925, 27750
Alternative scenario
Recommendation
SELL STOP
Entry Point
29810
Take Profit
28925
Stop Loss
30675
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.