Go Long on a Close Above Daily Pivot Range ETHUSDT - Prudence
The daily bias was in the neutral zone for the short term with the price trading inside the Daily Pivot Range (blue dots).
Now the price has moved above the Pivot Range and has traded above the 'A' up value line for at least 15 minutes. This is our entry rule of time and therefore this is a buy.
The Daily Pivot Moving Averages are turning up and the MA14 is crossing the MA30 (red, yellow lines) which supports the bullish bias.
A close above the 3 Day Rolling Pivot Range (RPR, green and yellow dots) is further confirmation that the market has turned modestly bullish. With the price closing above the Daily Pivot Range we have confirmed a probable move up.
Place the stop loss at the Opening Range low (748.00) and the profit target as stated on chart.
Now the price has moved above the Pivot Range and has traded above the 'A' up value line for at least 15 minutes. This is our entry rule of time and therefore this is a buy.
The Daily Pivot Moving Averages are turning up and the MA14 is crossing the MA30 (red, yellow lines) which supports the bullish bias.
A close above the 3 Day Rolling Pivot Range (RPR, green and yellow dots) is further confirmation that the market has turned modestly bullish. With the price closing above the Daily Pivot Range we have confirmed a probable move up.
Place the stop loss at the Opening Range low (748.00) and the profit target as stated on chart.