RUNE Bullish EMA Crossover 1D Chart — 83% Win Rate
ThorChain flashed a#bullishEMA crossover signal on the daily chart. Generally speaking, the win rate is higher when the signal flashes on a higher timeframe like the 1D chart.
In this particular case, the backtest shows a win rate of 83.3% based on 12 signals. Additionally, the trending ADX pushes the win rate to 100%. However, it is worth mentioning that the ADX is only showing a slight trend.
Historically, the signal has brought an average of 9% gains after 2 days.
For our current setup, there are two profit targets worth watching. The first resistance is around 7.15, reflecting a profit of around 7%. After that, the level around 7.7 comes into play, reflecting a profit potential of 14%.
However, it is important to keep a close eye on momentum indicators as some of them have shown bearish signs. For more information, please visit Zhuye.
