Technical analysis BTCUSD for 31.08.2022

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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 19725. The closest resistance is the level 20350

Key levels

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

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 20350, with Take Profit of 19725 and Stop Loss of 20950

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 20950, with Take Profit of 21500 and Stop Loss of 20800