If you are capable to predicting daily support and resistance levels then you may go for daily trading. I tried with pivot pint analysis and it worked for few assets but on not regular basis. I mean I tried with bitcoin and ethererum but unable to get consistent results. I am still trying with my research to crack and catch exact turning points of markets.
Pivot point based trading is always effective but you need to be sure considering longer time frame like you should not consider only yesterday's data for deriving your today's support and resistance levels but you must go for last week or last 3 to 5 days day to derive your support and resistance levels so that you may get accurate predictions.
I am just following candlestick pattern recognizing for my trading and I do trade occasionally hence I am not having any big trade ideas to share here.