Welcome back to our Trading View channel! In today’s post, we’re diving deep into an exciting advanced AI-powered indicator crafted in partnership with OpenAI. This innovative tool is specifically designed to analyze various data points and predict the price movements of cryptocurrencies with impressive accuracy. Whether you’re managing a diversified portfolio or taking on high-stakes spot trades, this AI system aims to provide you with a strategic edge in today’s volatile market.
Just two months ago, we officially partnered with OpenAI, the creators of the popular ChatGPT. Together, we’ve integrated smart AI indicators into TradingView, making them accessible for everyone. Currently in beta, this feature is available to all users free of charge. By utilizing advanced technical analysis, our AI tool evaluates numerous factors to deliver accurate predictions for asset movements. According to trader feedback, the accuracy of these predictions has soared to an impressive 96%.
How the AI Tool Works
This powerful AI-driven tool allows traders to assess risk versus reward effectively. It tracks large investors, often referred to as “whales,” to identify which cryptocurrencies they are accumulating and which ones to avoid, thus preventing users from becoming ‘exit liquidity.’ In this guide, we will walk you through the steps to utilize these professional-grade indicators.
Getting Started with TradingView
Before we explore the indicators, you’ll need to have the TradingView app installed on your computer. If you already have it, feel free to skip this step. For those who don’t, you can download the desktop app from the official TradingView website, and installation takes just a couple of minutes.
Enabling Beta Features
Since the AI features are currently in beta, you will need to enable beta mode in TradingView. Here’s how to do it:
- Open your computer’s command line by pressing Win + R, then type cmd and hit Enter. Alternatively, you can find Command Prompt through the Start menu.
- Once the command line is open, copy the command provided in the video description below.
- Paste the command into the command line and press Enter.
- Wait for the update to finish. You should see a confirmation message once it completes successfully.
- Restart TradingView to apply the changes.
Now that you’re set up, it’s time to start analyzing the market using AI indicators!
Analyzing Market Trends with AI
Let’s take a closer look at two popular cryptocurrencies: SUI and Solana.
SUI Price Predictions
Open the SUI/USDT trading pair in TradingView. The AI indicator has highlighted several zones on the chart, indicating potential price increases. Currently, the AI shows a 90% probability that SUI will rise to around $12, a 75% probability of reaching approximately $18, and a 33% chance of hitting the $25 mark. This suggests that SUI could potentially increase by more than four times from its current price levels.
While the indicator strongly recommends SUI as a medium-term investment, it is crucial to note that this isn’t financial advice. Traders should conduct thorough research and consider the project’s team and tokenomics before making any investment decisions.
Solana Price Insights
Next, let’s analyze the Solana/USDT chart. Currently, Solana is trading within a sideways channel. According to the AI indicator, there is a 70% probability that Solana will continue to fluctuate within its current price range, with a less than 15% chance of rising above $350. The AI suggests that, at this time, the risks may outweigh the potential rewards for trading Solana.
Applying the AI Insights
The examples of SUI and Solana demonstrate how you can use these indicators to inform your trading strategy. By weighing the risks and potential rewards, you can make more informed decisions not only in the cryptocurrency market but also in equities and other assets.
If you have any questions or comments about using the AI indicators, feel free to reach out. We appreciate your feedback and are eager to hear your thoughts on this exciting new tool.
Conclusion
In conclusion, the integration of AI technology into trading tools marks a significant advancement in how traders can analyze market trends and make informed decisions. With our AI-powered indicators, you can gain insights that may help you navigate the complexities of crypto trading more effectively. Remember, while these tools provide valuable information, they should complement your research and decision-making process. Happy trading, and we look forward to seeing you in our next video!
Credit: CRIC BOLLY BELIEVE
