votungphan

Great trading opportunity with Pivots supports and resistances

BINANCE:ETHUSDT   Ethereum / TetherUS
It seems great trading opportunity with the very traditional analysis. The dynamic Pivots line (EMA of Pivots) seems very good act as the dynamic resistance and support level, that creates a lot of very strong entry signals for the pullback, breakout, or swing trading.
Setup
  • 1H ETH-USDT chart
  • Daily Pivots with DeMark formula
  • 5 days extension (i.e. using the recent daily Pivots for 5 days in the future)
  • EMA to calculate the dynamic support and resistance levels
Trading rules
  • Long entry when EMA(close) crosses over the dynamic resistance and support line
  • Short entry when EMA(close) crosses under the dynamic resistance and support line
  • Exit by static resistance and support levels with expected take profit.
About CryptoSEE
Addresses for Donation/Tip or Payment
  • BITCOIN ( BTCUSDT ): 1KeRLNPYrkpPgkABp2vmmyuMX5saeUwHYT
  • BITCOIN CASH (BINANCE:BCCUSDT): qrd8wg8kp6at3vlncefrxu0n6vjgm733lgzrqeta92
  • ETHEREUM ( ETHUSD ):0xca86FC740e87297F9C7Ec630e2e6D8A4530F2966
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