Technical analysis BTCUSD for 05.05.2022
05.05.2022 09:29
Intraday
Technical
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 38770. The closest resistance is the level 39740
Key levels
- 42780, 41740, 40740, 39740, 38770, 37500
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 39740, with Take Profit of 38770 and Stop Loss of 40300
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 40740, with Take Profit of 41740 and Stop Loss of 39740
Scenario
Recommendation
SELL LIMIT
Entry Point
39740
Take Profit
38770
Stop Loss
40300
Key Levels
42780, 41740, 40740, 39740, 38770, 37500
Alternative scenario
Recommendation
BUY STOP
Entry Point
40740
Take Profit
41740
Stop Loss
39740