Screening Filters
Relative Volume (relative_vol: {'min': '1.5'}):
- Purpose: To identify cryptocurrencies with significantly higher trading activity compared to their average volume.
- Rationale: A relative volume above 1.5 indicates that the asset is experiencing heightened interest and activity, which often precedes or accompanies price movements. This aligns with the user's query for cryptocurrencies with the potential for significant price increases in the near term.
5-Minute Price Change Percentage (min5_price_change_pct: {'min': '0'}):
- Purpose: To filter for cryptocurrencies that are already showing positive price momentum in the last 5 minutes.
- Rationale: A positive price change in the short term can indicate upward momentum, which is a key factor when looking for assets likely to experience further price increases in the coming hours.
24-Hour Price Change Percentage (price_change_pct_24h: {'min': '0'}):
- Purpose: To ensure that the selected cryptocurrencies have shown positive price performance over the past 24 hours.
- Rationale: A positive 24-hour price change suggests that the asset is in an upward trend, which increases the likelihood of continued price appreciation in the short term.
Trending Status (is_trending: True):
- Purpose: To focus on cryptocurrencies that are currently trending in the market.
- Rationale: Trending assets often attract more attention and trading activity, which can lead to increased volatility and potential price spikes. This filter ensures that the results are aligned with the user's interest in identifying cryptocurrencies with the potential for significant price increases.
RSI Category (rsi_category: ['moderate']):
- Purpose: To select cryptocurrencies with a moderate RSI (Relative Strength Index), avoiding overbought or oversold conditions.
- Rationale: A moderate RSI indicates that the asset is not in an extreme condition, which reduces the risk of a sudden reversal. This filter ensures that the selected cryptocurrencies have room for further upward movement without being overextended.
Why Results Match:
- The filters collectively focus on identifying cryptocurrencies with strong recent price momentum, high trading activity, and trending status, all of which are indicators of potential short-term price increases.
- By combining short-term (5-minute) and medium-term (24-hour) price performance metrics, the screener ensures that the selected assets are not only currently moving upward but also have sustained momentum.
- The inclusion of the RSI filter ensures that the results are not skewed by assets that are already overbought, which could limit their potential for further price increases.
- The "is_trending" filter ensures that the results are aligned with market interest, increasing the likelihood of significant price movements due to heightened attention and trading volume.
These filters are well-suited to address the user's query by identifying cryptocurrencies with a higher probability of experiencing price increases in the coming hours.
This list is generated based on data from one or more third party data providers. It is provided for informational purposes only by Intellectia.AI, and is not investment advice or a recommendation. Intellectia does not make any warranty or guarantee relating to the accuracy, timeliness or completeness of any third-party information, and the provision of this information does not constitute a recommendation.