Screening Filters & Rationale
Turnover 24h (min: 1,000,000):
- Purpose: Ensures the cryptocurrency has sufficient liquidity for day trading.
- Rationale: High turnover allows traders to enter and exit positions quickly without significant price impact.
Volatility 24h (min: 5%):
- Purpose: Identifies cryptocurrencies with significant price movements.
- Rationale: High volatility creates opportunities for short-term price gains, essential for day trading.
Is Trending (true):
- Purpose: Focuses on cryptocurrencies currently gaining market attention.
- Rationale: Trending assets often experience increased trading activity and price momentum, ideal for day traders.
Week Price Change Percentage (min: 0%):
- Purpose: Filters for cryptocurrencies with positive or stable price trends over the past week.
- Rationale: Positive weekly performance indicates potential for continued upward momentum.
Moving Average Relationship (PriceAboveMA5, PriceAboveMA20):
- Purpose: Selects cryptocurrencies trading above their short-term and medium-term moving averages.
- Rationale: This indicates a bullish trend, aligning with day trading strategies focused on upward price movements.
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.