Technical analysis BTCUSD for 24.06.2022

24.06.2022 18:48
Intraday
Technical

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument entered the cloud. The closest resistance is the level 21160.00. The closest support is the level 20420.00

Key levels

  • 22480.00, 21670.00, 21160.00, 20420.00, 19830.00, 19040.00

Trading scenario

  • Recommended opening long positions (Buy Stop) from the level of 21160.00, with Take Profit of 21670.00 and Stop Loss of 20650.00

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 20420.00, with Take Profit of 19830.00 and Stop Loss of 20650.00
Scenario
Recommendation
BUY STOP

Entry Point
21160.00

Take Profit
21670.00

Stop Loss
20650.00

Key Levels
22480.00, 21670.00, 21160.00, 20420.00, 19830.00, 19040.00
Alternative scenario
Recommendation
SELL STOP

Entry Point
20420.00

Take Profit
19830.00

Stop Loss
20650.00