The first day in reveiw
Trading in range from 1.50 SATS to 1.11 SATS. A range of 0.39 SATS on the 15 minute chart. After one day of trading there is not a ton of data but lets discuss the data that is currently available.
The MACD on the 1 minute chart though a very short time frame has been signaling bullish momentum for about 6 hours now. You definitely want to watch this and see if it's also forming on higher time frames.
One issue with averages right now is that these spots I highlighted are likely bad data or in other words anomalies.
RSI is basically flat without and there is not really any previous trends to view. Scotch RSI is looking like it topped about midnight UTC. It is showing a change downward direction. Though the indication is very sensitive. If support can be found at the bottom of the bollinger band with RSI staying to same and not changing the MACD it could be start of multi indicator up trend.
Due to the relatively short amount of data and large price swings I believe that bollinger band is the ideal indicator to watch. Seeing the movement of the statistical price range will help gauge top and bottom prices. I the next few days changing to 1 hour time frame and following bollinger band indicator is likely what I will do. Trading on this short of a time frame is only ideal for an algorithmic bot likely using leverage.
The MACD on the 1 minute chart though a very short time frame has been signaling bullish momentum for about 6 hours now. You definitely want to watch this and see if it's also forming on higher time frames.
One issue with averages right now is that these spots I highlighted are likely bad data or in other words anomalies.
RSI is basically flat without and there is not really any previous trends to view. Scotch RSI is looking like it topped about midnight UTC. It is showing a change downward direction. Though the indication is very sensitive. If support can be found at the bottom of the bollinger band with RSI staying to same and not changing the MACD it could be start of multi indicator up trend.
Due to the relatively short amount of data and large price swings I believe that bollinger band is the ideal indicator to watch. Seeing the movement of the statistical price range will help gauge top and bottom prices. I the next few days changing to 1 hour time frame and following bollinger band indicator is likely what I will do. Trading on this short of a time frame is only ideal for an algorithmic bot likely using leverage.
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