GPTusdt updateMy #GPT setups I want to play...
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#trading #altcoins $GPT
GPT
ARB Next Movement AnalysisARB is new currency and its difficult to predict there next movement but we predict the NEXT movement on the basis of 1 hour and 4 hour chart , ARB are making FLAGE PATTERN in 1 hour we draw the support and resistance line on the chart, so wait for the breakout and breakdown which is mentioned in the chart.lets see whats happening...
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⚛️Review of the CryptoGPT(GPT) Project!!!⚛️Hello, today, let's review one of the cryptocurrency projects in the field of Artificial Intelligence(AI)🤖 from the fundamental point of view.
The reason for choosing this field is people's high acceptance of artificial intelligence🤖 in the new year; cryptocurrency projects also use this opportunity, but always check any project before investing💎.
Today's project name is ⚛️CryptoGPT(GPT)⚛️ .
As I have said before, I evaluate crypto projects based on various factors.👇
I have already introduced each of these factors with a brief explanation, so today, I will be looking at CryptoGPT(GPT).
🔥Let’s get into it:
🔰🔰🔰🔰🔰🔰
✅ Project Goals : CryptoGPT is introduced as a ZK Layer-2, allowing you to monetize your data with AI. Well, first of all, GPT stands for Generative Pre-Trained Transformer, which is basically how an AI language like ChatGPT gets massive databases pre-trained to enhance its services. So CryptoGPT is no more related to ChatGPT than being a rip-off chasing the hype around ChatGPT. Also, well-known L2s like Arbitrum and Optimism launched their tokens after their Mainnets were up and running when the users required governance control. Whereas CryptoGPT has launched its $GPT token already and states in its roadmap that the Layer-2 Mainnet Beta will launch in Q4 of 2023. So $GPT is currently no more than an ERC-20 token. The clout chasing done by this project has made our experts score the CryptoGPT project goals 2/10.
✅ Founders : There is little information about the founders of CryptoGPT. On their main website, Jamila Jelani is listed as part of the marketing team, whereas on some unofficial websites, she's introduced as the project's founder. CryptoGPT provides an AI language model called Alex, and when I asked Alex about the founders of CryptoGPT, I got the answer: "I'm sorry, but I don't have that information. However, you can visit the CryptoGPT website or do a quick online search to find the founders' names."
The fact that there is no proper information about the project's founders and the website owner is using a service to hide their identity is a huge red flag, so I have scored CryptoGPT's founders 1/10.
✅ Github : The project claims to be an AI-to-earn just like the play-to-earn games that were hyped in the crypto space during the end of 2021. Basically, how this works, according to the CryptoGPT website, is that you can turn your daily activities into data using AI and then sell it as something they call "NFT Capsules". They claim to be the only sustainable "to-earn" crypto project while also being a ZK L2 on Ethereum. But as of now, the only thing that exists is the $GPT token on Ethereum and Binance Smart Chain (BSC). There isn't a GitHub respiratory available for the project, at least none our team could find. Therefore I have scored CryptoGPT's Github 1/10.
✅ Inflation Rate : The $GPT token has a maximum supply of 3,000,000,000 (3 billion) tokens; no information is available on the circulating supply. Since there is no necessity for a project with these goals to have a token in the first place, I have scored the Inflation Rate of CryptoGPT 1/10.
✅ Community : CryptoGPT's Twitter account has 240K followers, its Telegram channel has more than 90K members, and its Discord channel has 20K members. Even though these numbers seem good for a crypto project's community, you should keep in mind that these are newly created accounts. For example, the Twitter account for CryptoGPT was created in February 2023, and gaining 240K followers in a month seems shady. That's why I scored CryptoGPT's community 4/10.
✅ Whitepaper : CryptoGPT doesn't have a Whitepaper yet and only provides a Litepaper for the project. In this Litepaper, the team states their goals and compares daily active users with other L2s on Ethereum, like Optimism and Arbitrum. The question is, how can they compare their users when the CryptoGPT Mainnet does not even exist yet? The thing about crypto projects is that they can claim to be unique and solve many issues in their Whitepaper, but the real thing is what's happening in the backend and coding of the project. Since this project doesn't have a whitepaper, I have scored CryptoGPT's Litepaper 3/10.
✅ Developers : The team only introduces 3 people as developers on their website. Of the three, only one is a backend developer, Emanuel Junior from Brazil. According to his LinkedIn profile, Emmanuel is a computer science graduate from a University in Brazil with more than 5 years of work experience. But just one developer isn't sufficient for a ZK Layer-2 since other L2s have huge teams of skilled devs working to improve their protocols. Since I couldn't find information about other devs working on CryptoGPT, I scored the developers 2/10.
✅ Tokenomics : According to CryptoGPT's Litepaper, the $GPT token distribution is as follows: 20% goes to the Public, 20% is allocated to Liquidity, Staking, and Market Makers, 3% goes towards the project's Marketing, 25% is allocated towards Data Mining Incentives, 16% for the team, 6% for partners and advisors, and 10% is allocated to a Development Reserve. But according to etherscan, the top 10 wallet addresses hold more than 85% of the $GPT token supply, which is extremely shady. That's why I have scored CryptoGPT's tokenomics 3/10.
✅ Venture Capital Investors : CryptoGPT has not done any funding rounds yet and therefore doesn't have any VC investors. The team might have decided to fund the project by selling their $GPT tokens which again is another red flag for investing in the project. This is why I have scored CryptoGPT's VC investors 1/10.
✅ Competitor Comparison : Compared to other ZK rollups on Ethereum, like Starknet and zkSync, CryptoGPT is basically already dead. Since these projects have amazing teams working on improving their projects and overcoming milestones, but a project like CryptoGPT just seems to want to use the hype around AI and ZK technology simultaneously without any actual creativity. Therefore I have scored CryptoGPT compared to its comparison 1/10.
🔔 In conclusion , CryptoGPT obtained a total score of 1.9/10. Does this score mean that the $GPT price will never rally? Definitely not. The $GPT token price can rally, but that doesn't change the project's fundamentals. Investing in CryptoGPT is extremely risky, even compared to other cryptos like Bitcoin and Ethereum. That's why if you want to invest in this project, it's best only to put in an amount you're completely comfortable with losing.
Saturday is the best time to waste people's moneyEver since the FTX crash report. SEC imminently used the opportunity to use it as a bad image to crypto industry. Most of the traders lose money, HOLDL's and Indicator seemed not to work despite of efforts. The only way we can get back on is to invest in AI projects such as GPT. It was a brilliant idea to utilize this type.of AI to provide much more stable market.
Tips for new trader:
Don't place an order within
-Friday's for West
-Saturday in Asian Countries
Look forward on GPT crypto and well see how much it doea better than bitcoin.
New AI on The BlockIt's starting to look like some bullish signs are coming into Artificial Liquid Intelligence. We are in a falling wedge after a massive pump and have retraced well over 50% to hit the 786. CCI ribbon is oversold with divergence and smii is under 0 and has the potential to make a crossover at any time. Targets are in the bull flag approach including a more conservative level. Set your own stops.
I also highly recommend checking this project out. It allows you to mint interactive 3d nft characters built on a language ai similar to chatgpt. Truly cool stuff. Check out my referral link to get started.
mycharacter.ai
Happy trading.
GPT - Is the Correction Over?GPT may have finished its retracement and may be ready for an up move. As it has broken the Bearish Trendline, and a bounce of the Support Zone and High Profile Volume Zone, I think it is going to move up towards the previous Highs.
TP1 - $4.57
TP2 - $4.77
Stoploss - $3.97
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Graph Protocol is Just Warming Up Rushing back to get this one done because Graph broke its ATH already (and the trend that its been on has been pretty crazy).
We already pointed this one out a few weeks ago when it was hovering in the '50's range (and in the 40's as well). But now is still a ripe time to enter in a long position (if you're able to be patient in the instance that you don't see the rewards come through immediately for yourself).
Let's take a look at the chart on the daily resolution.
Since we just covered this new indicator that's going to be published soon, we might as well put it work now (since its still overlaid on the chart).
As we can see from above, the Librehash Trending MA has us locked into an entered long position here; so we're not going to fight that adjudication here.
Graph Protocol is at an All-Time High as Well
This is what got our attention specifically (didn't catch this right off of the 'alarm' that should've went off when this event took place, but that's fine; no need to worry).
See below:
In the next chart we have the underlying diagonal support uptrend drawn below the price as well to show a 'catch point' should it get sniped out of the sky from where it is currently:
Additionally, since that pseudo-overhead resistance that was past by the price has now become a support after the price blew past it recently, we need to consider it to be a potential "re-touch" point for us if the price consolidates at any point in the near future:
At <10%, there's not too much risk that we're really taking on an entry into a long position at this point (that's the plan for this asset at the time of writing; although we were already locked into a long beforehand) .
Relative Strength Index(14) ; Daily Resolution
The RSI(14) on the daily resolution for 'Graph Protocol' looks extremely bullish as well (there's no reason to question what we're seeing out of the indicator here):
Balance of Power RSI
We can see the same story for the Balance of Power RSI for Graph Protocol as well:
Conclusion
In fear of wasting too much time remarking on just how bullish that Graph Protocol is looking right now, we're going to go ahead and conclude this one prematurely with an R/R.
Using a Fibonnaci indicator (since the asset is already trading at an ATH), we're going to set a target of $1.32 tentatively for the Graph Protocol
Why not.
And the actual S/L will be below that underlying support to ensure that we're not liquidated out due to garden variety consolidation for no reason:
Uptrend Confirmed - Next Buying OppurtunityRecent price action has confirmed a reversal by pumping upwards and forming a higher high.
1. Price has formed a higher high
2. It has formed a Golden Cross
3. Recent sessions' price action, ( Bearish Candles) indicate that the stock price is pulling back
4. I will be confident to buy in the $4.15 - $4.30 region (Buy Zone) as it is in the 50%-61.8% Fib Retracement Zone (Golden pocket)
5. There is a gap window between $4.30 - $4.50 region (another confluence of Support)
6. There is a trendline support in the same region which is the third confluence.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
DSKX Begins To Rally After The Conference CallShares of DSKX continues to rally from last week after they held a conference call to discuss the recently announced agreement to acquire Radiancy, Inc., a leading developer of consumer medical devices and the Neova® dermatological products.
It appears investors are beginning to notice the financial value this new deal brings and the future outlook of the company, so if you haven't already, I highly encourage you to listen to today's conference call as soon as possible. Much larger company structure overall, significant increase in revenue, assets, cash flow and working capital with a very reputable management team to move the company forward. The fact that the current market cap is only 33M is what really gets me excited. Listen to the call to learn more:
The replay of the conference call can be heard by dialing 1-888-286-8010 in the United States and Canada or +1-617-801-6888 internationally, then referencing the Conference Passcode "56187013" A recording of the call can also be heard on the company website.
In the call, the DS Healthcare Group management team shared their motivations and answered questions relating to the business fundamentals on the Radiancy & Neova® deal, explaining how natural strategy alignment and synergies will lead to significant bottom line contribution.
The call was hosted by Mark Brockelman (CFO), Manny Gonzeles (CCO) and Renee Barch-Niles (CEO) and took place on Thursday, February 25th, 2016, at 8:30 a.m. EST.
-Renee Barch-Niles (CEO), an experienced CPG Executive who drove double-digit year-over-year growth in global food, drug, mass, club and specialty channels for Global companies such as Daymon Worldwide and Emilia Personal Care.
-Mark Brockelman (CFO) who has great experience in mergers and acquisitions, systems integration expertise and highly astute financial acumen. Mr. Brockelman Brockelman served as the Chief Financial Officer for National Dentex Corporation as well as the Senior Vice President/Chief Financial and Administrative Officer of the Miami Dolphins.
-Manny Gonzalez (CCO), a former top (NASDAQ: PG) Procter & Gamble executive managing a team of 7,000 sales representatives in the U.S., who has direct access to every major retailer in the country.
Acquisition Press Release Below:
finance.yahoo.com
For full disclose please visit: www.stockpicksnyc.com