Technical analysis BTCUSD for 01.07.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 19270. The closest resistance is the level 19600
Key levels
- 21500, 20800, 20400, 20000, 19600, 19270, 18600
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 19270, with Take Profit of 18600 and Stop Loss of 19600
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 19600, with Take Profit of 20400 and Stop Loss of 19270