Technical analysis BTCUSD for 01.07.2022
Intraday
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 trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 19270. The closest resistance is the level 19600
Key levels
- 21500, 20800, 20400, 20000, 19600, 19270, 18600
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 19270, with Take Profit of 18600 and Stop Loss of 19600
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 19600, with Take Profit of 20400 and Stop Loss of 19270
Scenario
Recommendation
SELL STOP
Entry Point
19270
Take Profit
18600
Stop Loss
19600
Key Levels
21500, 20800, 20400, 20000, 19600, 19270, 18600
Alternative scenario
Recommendation
BUY STOP
Entry Point
19600
Take Profit
20400
Stop Loss
19270
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.