$RUNE — Bullish EMA Crossover 1D Chart — 83% Win Rate
ThorChain flashed a #bullish EMA Crossover signal on the daily chart. In general, the signal has a high win rate when flashed on higher timeframes such as the 1D chart.
In this particular case, the backtest shows a win rate of 83.3% based on 12 signals. Moreover, a trending ADX pushed the win rate to 100%. However, worth mentioning, that the ADX shows a light trend only.
Historically, the signal led to average gains of 9% after 2 days.
For our current setup, there are two take profit goals to watch. The first resistance sits around 7.15, reflecting a ~7% profit. After that the level at ~7.7 comes into play, reflecting a profit potential of 14%.
However, it is important to have a close eye on the momentum indicators since some of them already show bearish signs.
