MEXC Exchange has launched Smart Candles, an AI-powered tool designed to enhance trading analysis. This innovative feature analyzes candlestick charts, highlights key support and resistance levels, quantifies the impact of news, and even projects probabilities of future price movements. The introduction of Smart Candles reflects a broader trend within the crypto industry, where more platforms are adopting AI-driven tools to assist traders.

The launch of Smart Candles comes amid a growing wave of platforms integrating artificial intelligence into their trading and analysis features. Earlier this year, Bitget unveiled its GetAgent AI tool, which performs multi-timeframe technical analysis, identifies important levels, and incorporates news events to suggest potential trading opportunities.

Similarly, Binance recently announced its AI Token Report, a feature that automatically aggregates market data, on-chain metrics, news, and sentiment analysis. This tool provides hourly, token-specific trading insights directly within the app or on the website, empowering traders with timely information.

Other major exchanges are also exploring AI-based trading tools. Bybit, for example, introduced TradeGPT—an AI assistant and large-language-model system capable of answering users’ questions and providing technical indicator analyses. Meanwhile, Kraken has announced plans to integrate Capitalise.ai’s natural-language trading automation into its Pro platform later this year. Once live, users will be able to design, backtest, and automate trades across both crypto and traditional finance markets without needing to write any code.

These developments highlight a significant shift towards AI-enabled trading tools in the crypto industry, aimed at making market analysis more accessible, efficient, and insightful for traders of all levels.
https://bitcoinethereumnews.com/tech/mexc-launches-ai-candlestick-chart-assistant-to-support-trading-analysis/