Technical analysis BTCUSD for 26.10.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 20650. The closest resistance is the level 21000

Key levels

• 21400, 21000, 20650, 20400, 20100

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 21000, with Take Profit of 21400 and Stop Loss of 20650

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 20400, with Take Profit of 20100 and Stop Loss of 20600