Using ChatGPT to Understand When to Buy Pi Network (PI)

Pi Community and it’s native cryptocurrency – Pi Coin – are undoubtedly amongst essentially the most polarizing subjects throughout the neighborhood. Nonetheless, we’ve determined to conduct a enjoyable experiment and use the outstanding AI-based chatbot ChatGPT to grasp when it will be a superb time to purchase PI throughout the present market context, after all.

The next is a dialog with ChatGPT and its arguments primarily based on the 1-day, 4-hour, and 1-hour worth 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 information set may very well be missing in sure areas. That’s why it’s essential to positive 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 wish it to behave from the standpoint of knowledgeable analyst and crypto dealer, in order that’s what we inform it.

As quickly as we do this, although, you’ll be able to see a few of its issues:

As you’ll be able to see, ChatGPT doesn’t acknowledge PI as an formally tradeable cryptocurrency and hasn’t but acknowledged the actual 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 worth info from Binance’s web page. Funnily sufficient, Binance is but to record PI, if it ever will, however that’s a topic for another discussion.

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 attaining its all-time excessive in late February and is presently in a “capitulation to accumulation” section with key help at $0.50 – $0.52 and “excessive” help at $0.40 – $0.42. Let’s transfer on to the 4-hour chart.

The primary conclusions from this, in line with ChatGPT, are that the help zone is at round $0.52 – $0.53, which it additionally calls the “crucial purchase zone,” whereas the resistance is discovered at $0.56 – $0.58.

And now, let’s transfer on to the 1-hour timeframe.

The takeaway from that is that the $0.52-$0.53 zone is appearing as a “agency base,” whereas the $0.56 worth level is the instant resistance.

Greatest Time to Purchase PI Coin?

And now, for the grand finale, let’s see what ChatGPT thinks is the most effective technique and when to purchase PI coin.

As you’ll be able to see, the first purchase zone is at what the bot recognized as the first help zone – roughly the place, the worth 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 chance is to purchase throughout situations of utmost capitulation, which might happen if the worth hits $0.42 – $0.44.

However, in case you are on the lookout for a safer play, you’ll be able to look forward to the worth to reclaim the native resistance with quantity. It’s discovered at $0.56.

It’s very attention-grabbing to see if this evaluation will maintain any floor. After all, deal with this as nothing however an experiment and needless to say none of what you learn right here is monetary recommendation. That is simply the evaluation of an AI-based chatbot that had laborious occasions figuring out whether or not or not PI was truly listed on exchanges.