ETH 3-hour forecast. Machine learning.

Dear colleagues and followers,

We at Osiris Finance are delighted to see you being interested in our posts and forecasts and would like to thank you for all your interaction and feedback. We are 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.

According to the recent news, yesterday we saw a nice upside move above the $295 level in ETH price against the US Dollar. The ETH/USD pair traded as high as $298.31 and later started a downside correction. It declined and moved below the $290 support level. Moreover, there was a break below the 38.2% Fib retracement level of the last ride from the $269 low to $298 high. There was even a break below the $285 level, but buyers appeared near $283-284. (newsbtc.com/2018/08/30/ethereum-price-analysis-eth-usd-approaching-crucial-buy-zone-near-280/)

We are pleased to inform you that Bitcoin currently sees a lot more in annual transacted value than PayPal and is second only to Visa. ARK Invest crypto analyst Yassine Elmandjra, says that bitcoin transaction’s dollar value has outperformed that of payment processor PayPal by a wide margin. The top coin has also surpassed the transacted value of credit card Discover. (Source: xbt.net/blog/bitcoin-blog/bitcoin-transaction-value-reaches-1-3t-as-it-passes-paypal-and-discover/)

We are also delighted to know that NASDAQ too has joined the race of crypto race while the world is awaiting ICE’s new venture Bakkt’s roll out to be the first federally regulated exchange. SEC has rejected so many Bitcoin ETF in almost 2 years and each and every rejection had one point in common in all of them that there is no federally operated exchange that list bitcoins and other cryptos. While slowly all other points of rejection have found an answer, this “reason of rejection” to seems to be answerable soon by NASDAQ. (Source: coingape.com/nasdaq-list-trade-bitcoin-ethereum-by-2019/)

We truly hope that such news would contribute the formation of the global bullish trend on the whole crypto market.

However, due to the current downward trend on the market and the recent correction, no future trades were made since the Osiris team bought ETH for $279.45 on Friday, 21:19, and sold for $281.93 on Saturday, 0:19, generating us 0.85% return.

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: 275.66
Low: 272.45
Close: 275.66

According to our machine learning models, the system has recommended not to trade 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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