Technical analysis BTCUSD for 25.01.2022

25.01.2022 15:51
Week
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. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 33255. The closest resistance is the level 36770

Key levels

  • 51925, 49235, 46655, 43850, 39840, 36770, 33255, 29450

Trading scenario

  • Recommended opening short positions (Sell Limit) from the level of 36770, with Take Profit of 33255 and Stop Loss of 39840

Alternative scenario

  • Recommended opening long positions (Buy Stop) from the level of 39840, with Take Profit of 43850 and Stop Loss of 36770
Scenario
Recommendation
SELL LIMIT

Entry Point
36770

Take Profit
33255

Stop Loss
39840

Key Levels
51925, 49235, 46655, 43850, 39840, 36770, 33255, 29450
Alternative scenario
Recommendation
BUY STOP

Entry Point
39840

Take Profit
43850

Stop Loss
36770