$ENS — Power Scalper Signal — 25% Upside Potential

ENS has delivered an extraordinary performance, pumping ~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.

#Ethereum #BlackRock #Core