Technical analysis BTCUSD for 15.03.2022

15.03.2022 16:18
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. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 39195. The closest support is the level 38530

Key levels

  • 42340, 41745, 40870, 40000, 39195, 38530, 37575, 36680

Trading scenario

  • Recommended opening short positions (Sell Stop) from the level of 38530, with Take Profit of 37575 and Stop Loss of 39195

Alternative scenario

  • Recommended opening long positions (Buy Stop) from the level of 39195, with Take Profit of 40000 and Stop Loss of 38530
Scenario
Recommendation
SELL STOP

Entry Point
38530

Take Profit
37575

Stop Loss
39195

Key Levels
42340, 41745, 40870, 40000, 39195, 38530, 37575, 36680
Alternative scenario
Recommendation
BUY STOP

Entry Point
39195

Take Profit
40000

Stop Loss
38530