Ever wondered why a cryptocurrency has a “bullish” monthly TA Trend Score while the price prediction model indicates a drop in value?
In this article, we will go over how our machine learning algorithm determines the possible future value for a cryptocurrency as well as how our team determines the monthly TA Trend Score for a cryptocurrency.
Please note price prediction models are merely a tool in an investor or trader’s toolbox, and should not be the only tool used for trading or investing.
Technical Analysis – TA
The technical analysis grade is determined using over 20 technical indicators.
These include the following:
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Oscillators
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Exponential Moving Averages
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Trends
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Volumes
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Customs
Price Predictions
Price Predictions are determined by our Machine Learning Algorithm.
The Algorithm uses neural network models to predict the price.
To predict the price it looks at the past value trend for a cryptocurrency and analyzes common trends and patterns to predict the price.
This algorithm only looks at past pricing data and does not take into account a cryptocurrency’s project fundamentals or technology and hence why it might predict a drop in value even if a certain project is bullish.
Note
Be aware that in both cases, Technical Analysis and Price Predictions, our models will never be 100% correct.
