Technical analysis BTCUSD for 31.01.2023
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument corrected to the Tenkan-se line. The closest resistance is the level 23600.00. The closest support is the level 22760.00
Key levels
24850.00, 24220.00, 23600.00, 22760.00, 22330.00, 21770.00
Trading scenario
Recommended opening long positions (Buy Stop) from the level of 23600.00, with Take Profit of 24220.00 and Stop Loss of 23150.00
Alternative scenario
Recommended opening short positions (Sell Stop) from the level of 22760.00, with Take Profit of 22330.00 and Stop Loss of 23150.00
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.