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$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.
I don't know how and why someone transferred $BTC from #MtGox to some unknown wallet but I'll keep investing on CoreDao, they will get listed soon on second largest exchange
Here's probably my favorite trade signal of the day.
→ $COTI flashed a bullish EMA crossover on the daily chart. → Based on 14 historical events, the signal has a win rate of almost 86%. → Most technical indicators look good. Especially in terms of momentum indicators, COTI looks promising (bullish MACD and neutral RSI and Oscillators). → Chart looks good too. The token made a higher high on the daily chart, is in an uptrend, and had a small pullback — usually a perfect entry. → Negative aspect: The ADX is weak. Therefore, it can make sense to wait for more strength.
If the market enters a bullish scenario and signal plays out, we could quickly see COTI challenge 0.175 - reflecting a ~30% potential.
ETHEREUM — 4k Pre-Announcement Pump — 5k Next Stop?
Ethereum woke up and seemed to be ready for a pre-announcement pump.
I would assume that $ETH challenges the 4k level before an announcement about the #ETHETFS is made today.
The big questions of course is, what will happen after the announcement. Let's have a look:
Option 1️⃣ - The ETF won't be approved or the approval gets postponed. In this case we can assume a massive drop to 2.6-2.5k. However, I think it will quickly recover and we end the day at 2.8-3k.
Option 2️⃣ - The ETF gets approved. As mentioned yesterday, I don't expect a sell the news event. Since an approval was unlikely until a couple of days ago it is also unlikely that the price already reflects a possible approval.
Therefore, we will see volatility but imho to the upside.
I would go as far as saying that ETH would tackle the ATH shortly after approval (probably today).
So, let's see what the day will bring, lean back and enjoy the show!
Gm Binance Square! The vote is ended, and it's very shocking for me. you guys should DYOR about #OverProtocol and join the Airdrop before mainnet. #BinanceLaunchpool #BTC $SOL $BNB $ETH
LIVE
Amatobo
--
Bullish
I'm curious with Binance Square fam, are you know about #OverProtocol ? They will launch mainnet on June 2024 which is just 2 week coming.
$DOGE keeps printing bullish trade signals. Today, we see a bullish EMA crossover on the daily chart.
Signals on the daily chart usually have a high reliability. When looking at this specific signal for Doge we calculated a win rate of 85%.
The win rate is based on 14 historical signals.
➡️ Trend indicators are bullish ➡️ Some momentum indicators show bearish signs and should be monitored closely. ➡️ A negative aspect: The ADX does not signal a strong trend (yet) $BNB $SOL #altcoins #BTC #ETHETFS
Tellor — Reversal, Reclaim Support 👉 17% Short-Term Potential
$TRB completely invalidated my #bearish scenarios yesterday.
All signs pointed towards a further correction to the $90 level. However, #Tellor chose to take massive bullish action instead.
As a result, the level between 140-150 is now back in play.
→ Tellor printed a picture-perfect Morning Star Doji. This pattern is often a clear sign of a trend reversal (and it worked perfectly in Tellor's case). → Yesterday, Tellor reclaimed the 115 level. → A retest of the level today was successful. → Technical indicators look mainly bullish or neutral.
Therefore, if the market doesn't go crazy, I expect Tellor to retest the upper channel boundary between 140 and 150 soon.
Let's see if this prediction works better than my last one ;)
So far, Chainlink has been showing a rather weak performance compared to other altcoins. Moreover, in its $BTC pair Chainlink is still at its cycle low.
Positively framed: There's much room to pump.
When looking at the chart, LINK has successfully tested its major support at $13. Additionally, momentum indicators, such as the Stochastic RSI or WillR have turned bullish.
On top of that, LINK flashed a Power Scalper trading signals. The signals uses the RSI, the Semaphore Signal Level Channel (SSL) and the Trend Direction Force Index.
The bullish signal calculated a profit potential of 71%. Sounds heavy — however, actually it perfectly fits with LINK's previous high.
🔴 Our AI Market PulseCheck has reached the lowest value in 2024. Previously, a value below 3 indicated a bottom, followed by a sharp turnaround.
Let's see if this works out again 🙏
What else is interesting? * 80% of all tokens are in a downtrend based on the long-term EMA * At the same time, ~95% have a neutral RSI. * OAX represents the only signal on the daily chart — however, it could be an interesting one. Thank me later with $ 😂 #Fed #Megadrop #BinanceLaunchpool $BTC $ETH $BNB