Pi Community and it’s native cryptocurrency – Pi Coin – are undoubtedly amongst probably the most polarizing subjects throughout the group. Nonetheless, we’ve determined to conduct a enjoyable experiment and use the outstanding AI-based chatbot ChatGPT to know when it might be an excellent time to purchase PI throughout the present market context, in fact.
The next is a dialog with ChatGPT and its arguments based mostly on the 1-day, 4-hour, and 1-hour value charts. Let’s see the way it goes.
Defining Expectations and Tuning the AI
In the event you’ve had any expertise with ChatGPT, you’ll know that its knowledge set may very well be missing in sure areas. That’s why it’s essential to tremendous tune it if you’d like extra exact solutions.
First, it’s essential to outline the position of the bot for the dialog. In our case, we would like it to behave from the standpoint of an expert analyst and crypto dealer, in order that’s what we inform it.
As quickly as we do this, although, you may see a few of its issues:
As you may see, ChatGPT doesn’t acknowledge PI as an formally tradeable cryptocurrency and hasn’t but acknowledged the very fact of its mainnet launch, which occurred earlier this 12 months. We needed to remind it.
Okay, we’re lastly on the identical web page. It’s sourcing value info from Binance’s web page. Funnily sufficient, Binance is but to record PI, if it ever will, however that’s a subject for an additional dialogue.
Pi Community Worth Evaluation: ChatGPT vs. Charts
I’ll present the pictures from the TradingView chart and ChatGPT’s reply in a single edited body in order that it’s simpler to navigate.
Beginning with the 1-day chart.
To summarize, ChatGPT considers PI to be in a powerful bearish development since reaching its all-time excessive in late February and is presently in a “capitulation to accumulation” section with key assist at $0.50 – $0.52 and “excessive” assist at $0.40 – $0.42. Let’s transfer on to the 4-hour chart.
The principle conclusions from this, in response to ChatGPT, are that the assist zone is at round $0.52 – $0.53, which it additionally calls the “vital purchase zone,” whereas the resistance is discovered at $0.56 – $0.58.
And now, let’s transfer on to the 1-hour time-frame.
The takeaway from that is that the $0.52-$0.53 zone is appearing as a “agency base,” whereas the $0.56 value level is the rapid resistance.
Greatest Time to Purchase PI Coin?
And now, for the grand finale, let’s see what ChatGPT thinks is the very best technique and when to purchase PI coin.
As you may see, the first purchase zone is at what the bot recognized as the first assist zone – roughly the place, the value is presently buying and selling at round $0.52 to $0.53.
If you’re affected person, although, the higher-reward play, though with decrease likelihood is to purchase throughout situations of maximum capitulation, which might happen if the value hits $0.42 – $0.44.
Then again, in case you are searching for a safer play, you may look ahead to the value to reclaim the native resistance with quantity. It’s discovered at $0.56.
It’s very fascinating to see if this evaluation will maintain any floor. In fact, deal with this as nothing however an experiment and take into account that none of what you learn right here is monetary recommendation. That is simply the evaluation of an AI-based chatbot that had exhausting occasions figuring out whether or not or not PI was truly listed on exchanges.
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