LIVE$ENS — Power Scalper Signal — 25% Upside Potential
ENS has delivered an extraordinary performance pumped ~100%
during the last 2 weeks.
However, based on the latest trade signal, it looks like there's potential for more gains.
The Power Scalper signal incorporates three technical indicators: the Relative Strength Index (RSI), the Semaphore Signal Level Channel (SSL), and the Trend Direction Force Index. The strategy aims to profit from the last wave of a pump before a correction becomes likely.
In this case, the profit potential is calculated at 25%.
💡Overall Assessment
➡️ Logically, the momentum indicator already signals overbought territory for this strategy. This has to be monitored
➡️ From a chart perspective, there's also more upside potential to make a higher high compared to the level of March.
➡️ Due to the overall bullish sentiment, there's a good chance of more gains before a correction occurs.
💡Backtests
Backtests show that this signal is quite reliable on the daily chart. Here are the details based on 25 signals:
- For all 25 appearances, the price increased by 2% during the next 30 days.
- For all 25 appearances, the price increased by 5% during the next 30 days.
- In 64%, the price increased by 10% or more in the next 30 days.
