Technical analysis BTCUSD for 21.07.2022
The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. 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 22500. The closest resistance is the level 23200
Key levels
- 23900, 23200, 22500, 21800, 21100
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 22500, with Take Profit of 23200 and Stop Loss of 21800
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 21800, with Take Profit of 21100 and Stop Loss of 22500
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.