ETH 3-hour forecast. Machine learning.Dear colleagues and followers,
We truly hope that you have had an amazing and productive weekend you enjoyed. We at Osiris Finance were 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, and we would love to see your feedback and interactions with our posts here at TradingView.
According to the recent news, there were many attempts by ETH price to move into a bullish zone with a break above the $275-280 zone against the US Dollar. The ETH/USD pair continuously struggled to gain momentum and it recently declined below $275. There was also a break below the 38.2% Fib retracement level of the last wave from the $259 low to $283 high. However, declines were limited since the $270 level acted as a support. (Source: www.newsbtc.com)
It's been quite a peaceful weekend in terms of events affecting prices and overall media coverage, however today it was announced that Iran, the country, which introduced a blanket ban on trading in April this year, has since seen economic turmoil return to its economy in light of fresh US sanctions, its national currency losing a significant chunk of its value since. Having previously signaled plans to create a national cryptocurrency, the Central Bank of Iran’s chief of innovative technologies Nasser Hakimi said regulatory attention would now shift to public crypto assets. “The High Council of Anti-Money Laundering has imposed a ban in light of concerns over global allegations of money laundering and financing of terrorism. But it seems that after the government’s consideration, this blanket ban will be reviewed,” he told conference members quoted by local news outlet Financial Tribune and Eghtesad. (Source: bitcoinist.com)
However, despite the positive impact of this information on the whole crypto market, the increase in prices of many cryptocurrencies is still small, which is explained by the fact that the ban review is still only a possibility.
As the market was lacking liquidity combined with the lack of volatility and the overall bearish trend, 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: 277.20
Low: 274.35
Close: 275.91
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.
