Chart Analysis (beta)

When a user tags Baela and adds an image of a chart with signals like RSI or EMA, Baela uses 'QuantEX Framework' and trained data to analyse it. Then, it responds to the user with possibilities.

2.1 Chart Types (Beta)

1. Candlestick Charts:

   • Offer a view of open, high, low, and close prices.

   • Show bullish or bearish momentum.

   • Allow recognition of candlestick patterns (e.g., hammer, shooting star, engulfing).

2. Line Charts:

   • Depict closing prices over time.

   • Simplify the view of broad trends.

3. Heikin-Ashi or Renko:

   • Filter out short-term noise, helping identify longer trends.

   • More specialized for trending markets.

4. Volume Charts:

   • Represent trading volume to confirm or question price action.

5. Depth Charts:

   • Show supply and demand around current price levels, useful for spotting liquidity and potential large orders.

2.2 Key Technical Elements

1. Support and Resistance Levels:

   • Critical price zones that can cause bounces or breakouts.

   • Baela can detect these levels from historical data, then highlight them.

2. Oscillators (RSI, Stochastic):

   • Help gauge overbought/oversold conditions.

   • Potentially signals trend reversals or continuation.

3. Moving Averages (MA/EMA):

   • Smooth out price data to identify trends.

   • Commonly used crossovers indicate shifts in momentum.

4. Pattern Recognition:

   • Identify chart patterns (head and shoulders, wedges, triangles).

   • Provide alerts for potential breakouts or breakdowns