There is key support with the Daily Pivot Range, 3 Day and 6 Day Rolling Pivot Range as well as the Weekly Pivot Range, including the Monthly Pivot Range. This setup cannot be more supportive. With the price trading in breakout mode at the moment of writing the need to act is now to go long the market.
The action to take is to place a buy order to enter the...
There is key support with the Daily Pivot Range, 3 Day and 6 Day Rolling Pivot Range as well as the Weekly Pivot Range, including the Monthly Pivot Range. This setup cannot be more supportive. With the price trading in breakout mode at the moment of writing the need to act is now to go long the market.
The action to take is to place a buy order to enter the...
There is key support with the Monthly Pivot Range low maintaining the current range low. Along with the Daily Pivot Range, 3 Day and 6 Day Rolling Pivot Range as well as the Weekly Pivot Range, this is solidly supportive. With the price trading with low volatility at the moment of writing this recommendation, expect to see a breakout one way or the other. We will...
With the Daily Pivot Range and 3 Day Rolling Pivot Range below current price levels the bias is shifting to the upside. However we need further confirmation before entering a buy position to go long the market.
The key resistance is at the Weekly Pivot Range high which coincides with the ‘A’ up line and the 6 Day Rolling Pivot Range high. Moving Averages turning...
Take a look at the chart and see analysis. By our first rule, the entry needs to be confirmed by trading at or above the 'A' level. However this breakout is happening with new all time highs and would warrant entry at this time with the nature of cryptocurrencies, particularly the inability to short this market.
Similar to the LTCUSD trade setup occurring here:
See if you can identify the same rules in the setup we see in the LTCUSD chart on this setup with ETHUSD.
This is the value of this system, very easy to identify high probability trades with excellent risk reward.
As price has moved through the Pivot Range and the Opening Range, with Pivot Moving Averages pointing up and good separation, this is a clear buy signal. A little premature without the confirmation of 15 minutes for the 'A' value line to give the proper 'A' up signal.
