Weekly S2 low of week ETH

24 ביוני 2021

Pivot points are what they say, a point where price turns around. Algos often trade on these lines. Weekly time frame are especially good for short term traders. Other time frames are daily, monthly, yearly. This week ETH and BTC turned around on the weekly S2 level. They are a forward indicator that provides ability to time market opportunities, and define where good risk to reward exists.