Osiris_Finance

ETH 3-hour forecast. Machine learning.

BITFINEX:ETHUSD   Ethereum
Dear colleagues and followers,

We at Osiris Finance value your feedback and would like thank you for all your interaction with our posts . We keep working hard to make our systems even more balanced and sophisticated to keep producing more accurate up-to-date forecasts to use in trading or research.

This morning, it was reported there was yet another failure to break the $288-290 resistance zone in ETH price against the US Dollar. The ETH/USD pair reacted and declined sharply from the $288 swing high. The price tumbled and broke the $260, $250 and $240 support levels. The decline was very aggressive as the price even traded below the $225 level. Sellers pushed the price close to the $200 level and a new monthly low was formed at $209. (Source: www.newsbtc.com/2018...r-bearish-below-240/)

We would like to inform you that Bitcoin has recently seen its price drop to little over $6,900 after it lost over $400 in only 90 minutes. The flagship cryptocurrency’s plunge notably comes shortly after a whale associated with the now-defunct Silk Road marketplace moved thousands of BTC to crypto exchanges. (Source: www.cryptoglobe.com/...illion-to-exchanges/)

Despite the unpleasant news, we are delighted to inform you that the world's second biggest stock exchange by market capitalization, NASDAQ, is reportedly gearing up to list and support the trading of cryptocurrencies through a coin exchange platform. While the Cboe and CME listed cryptocurrency-based financial products in the form of Bitcoin futures back in 2017, the NASDAQ will, according to sources close to the action, list actual cryptocurrency. (Source: www.cryptoglobe.com/...encies-by-next-year/)

We would like to announce that our previous forecast might as well be overreacting on the previous candles and that we kept following the buy-and-hold strategy we mentioned earlier. We will notify you about the results whenever our system makes it's next decision.

The following is a scheduled notification from the Osiris team. Our models have been working hard and smart on forecasting the market, and here are the most up-to-date predictions for the next 3 hours:

As usual, red, green and blue rectangles demonstrate predicted values of low, high and close, respectively, with corresponding confidence intervals, and the black arrow illustrates our trades.

Pair: ETH/USD
High: 233.38
Low: 223.98
Close: 233.38

According to our machine learning models, the system has recommended to buy-and-hold within this three-hour period.

Thank you for staying in touch. We are looking forward to your feedback and any suggestions here at TradingView.

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