Technical analysis BTCUSD for 15.04.2022

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 39460. The closest resistance is the level 40260

Key levels

• 43530, 42375, 41295, 40260, 39460, 38260

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 39460, with Take Profit of 38260 and Stop Loss of 40260

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 40260, with Take Profit of 41295 and Stop Loss of 39460