Technical analysis BTCUSD for 17.06.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. 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 20282. The closest resistance is the level 21643

Key levels

• 24100, 22655, 21643, 20282, 18965

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 20282, with Take Profit of 18965 and Stop Loss of 21643

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 21643, with Take Profit of 22655 and Stop Loss of 21059