Here is an interesting answer by WIEFIX, an author of coinpress.io.
He mentions 5 indicators: Moving Average, Market Depth, Most Recent Trades, Trading Volume and Moving Average Convergence Divergence.
Moving Average is a great indicator to determine long and short-term trends. If the short-term MA (9-20-day MA) drops below long-term (for instance, 100-day MA), it means that the market is falling right now (bearish market). Contrary, if the short-term MA crosses long-term from downside, a bullish trend is set.
Market Depth allows to understand what direction of movement is more possible at the moment. The indicator shows investors how many bitcoins (for example) are available at what price. Although one cannot argue his investment decision only by that indicator, it might be valuable to know if supply or demand dominates on the market at the exact moment of time.
Most Recent Trades
“You can carefully check the recent trades to understand the prices at which the cryptocurrencies are being sold or purchased on the platform by various traders. If a decent number of traders are making a similar move, then it’s always advisable to replicate their actions, whether it is buying or selling the cryptocurrencies.”
Trading Volume is a traditional indicator that allows you to investigate the current mood of the market. If the volume decreases as the price tries to increase, it is a signal that selling pressure is stronger and vice versa.
Moving Average Convergence Divergence
“The MACD line is the difference between two MAs – a fast moving average and a slow moving average. This difference is plotted to create the MACD line. Then another moving average (faster than the one used for calculating the MACD line) is used to create a signal line.
When the MACD line touches the signal line, it is a sign of the changing market trends. If the line drops below it, then you should sell your cryptocurrency. Alternatively, if line goes above the signal line, it means that you should purchase.”