Technical analysis BTCUSD for 09.09.2022

09.09.2022 18:16
Intraday
Technical

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ready to roll over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 20950. The closest resistance is the level 21500

Key levels

  • 22300, 21500, 20950, 20350, 19725, 19100

Trading scenario

  • Recommended opening long positions (Buy Stop) from the level of 21500, with Take Profit of 22300 and Stop Loss of 20950

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 20950, with Take Profit of 20350 and Stop Loss of 21500
Scenario
Recommendation
BUY STOP

Entry Point
21500

Take Profit
22300

Stop Loss
20950

Key Levels
22300, 21500, 20950, 20350, 19725, 19100
Alternative scenario
Recommendation
SELL STOP

Entry Point
20950

Take Profit
20350

Stop Loss
21500