ENS Flashed Two Buy Signal (MACD + ICHIMOKU)

Jul 17

Ethereum Name Service (ENS) flashed two reliable bullish trade signals on the daily chart.

Based on backtests, the MACD crossover has a moderate probability. However, as always, the Ichimoku signal has a high probability.

Just a couple of weeks ago, ENS flashed a similar trade signal on the daily chart, resulting in >20% gains in a couple of days.

The chart also looks promising: On a higher timeframe, ENS has been in a steady uptrend for weeks. Risk-averse traders might want to wait for the smaller resistance at 28-29 to break before entering a trade.