SOL Next Leg according to Deep Learning
Updated
This post is a continuation of my ongoing efforts to fine-tune a predictive algorithm based on deep learning methods.
Last post in this series:
Previously, the algorithm correctly projected SOL's breakout to the upside following SOL's consolidation at around the $16 mark.
As a next leg, the algorithm predicts that a noticeable continuation to the upside is likely in the coming days, and I am posting this prediction here for future reference.
As always, it is important to keep in perspective that while these predictions have the potential to be helpful, they are not guaranteed, and the cryptocurrency market, in particular, can be highly volatile. This post is not financial advice and as with any investment decision, conducting thorough research and analysis is essential before entering a position.
Last post in this series:
Previously, the algorithm correctly projected SOL's breakout to the upside following SOL's consolidation at around the $16 mark.
As a next leg, the algorithm predicts that a noticeable continuation to the upside is likely in the coming days, and I am posting this prediction here for future reference.
As always, it is important to keep in perspective that while these predictions have the potential to be helpful, they are not guaranteed, and the cryptocurrency market, in particular, can be highly volatile. This post is not financial advice and as with any investment decision, conducting thorough research and analysis is essential before entering a position.
Trade closed: target reached
The price appears to have capped out at $26.8, which was close to the $27 level predicted by the model. The next leg, which is likely to play out over the next few days according to the model, is shown in this projection:Note
Some additional tweaks to the model to account for the FOMC meeting today. Note: These are experimental settings based on previous FOMC meetings.Note
Here is another projection now that most of the hype from the FOMC meeting last week has subsided. Overall, projections are returning to a more bearish outlook for price in the next few days.
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