Technical analysis BITUSD for 25.11.2021
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is descending. Instrument pierced the Tenkan-se and Kijun-sen lines from bottom to top. The closest support and resistance levels are Tenkan-se and Kijun-sen, respectively. The closest resistance is the level 58071.50
Key levels
- 68870.65, 66834.80, 64723.75, 63509.50, 62194.75, 60677.50, 58071.50, 55382.25, 51402.72
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 58071.50, with Take Profit of 55382.25 and Stop Loss of 59786.30
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 55382.25, with Take Profit of 58071.50 and Stop Loss of 52798.55