at least 24 hours to get any kind of reliable information from intraday indicators. BCash took 2-3 weeks to show us anything on the 4 hour time frame when it finally popped off.

So yes you can apply to ICO's once they are released but just like an IPO it is rare you will see technical traders buying, they usually wait. The other alternative is a method called tape reading, in the case of crypto, reading the order book, what are the buys and sells doing.