Chart Analysis (beta)

When a user tags Sylvi and adds an image of a chart with signals like RSI or EMA, Sylvi uses 'Fact Engine' and trained data to analyze 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.

   • Sylvi 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