Technical analysis BTCUSD for 24.05.2022
24.05.2022 18:33
Intraday
Technical
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 28725. The closest resistance is the level 29750
Key levels
- 31600, 30650, 29750, 28725, 27675, 26650
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 28725, with Take Profit of 29750 and Stop Loss of 27675
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 27675, with Take Profit of 26650 and Stop Loss of 28725
Scenario
Recommendation
BUY LIMIT
Entry Point
28725
Take Profit
29750
Stop Loss
27675
Key Levels
31600, 30650, 29750, 28725, 27675, 26650
Alternative scenario
Recommendation
SELL STOP
Entry Point
27675
Take Profit
26650
Stop Loss
28725