We are still implementing the 2nd generation of AlphaBot. To implement an algorithm that works best we analyzed the past 181 Ethereum 4-hour forecasts.
Within these 181 forecasts we identified 61 of type 'o': the price of the forecast start is located between the 1st and the 2nd dotted trend line.
Here's another example of this forecast type:
And here are our findings:
181 of 181 forecasts were more bullish than bearish
161 of 181 forecasts had at least 1 price in the forecasted period that was within the red / yellow zones
61 forecasts were of type 'o'
in 31 of these 61 forecasts ETH crossed the upper trend line
in 12 of these 31 cases the ETH price returned back below the upper dotted trend line
in 37 of these 61 forecasts ETH crossed the lower trend line
in 11 of these 37 cases the ETH price returned back above the lower dotted trend line
in 58 of these 61 forecasts the last 2 closings of ETH closed with the forecasted red/yellow zones