In my experience it tends to work on multiple time-frames and for other assets (Bitcoin for example). I also think the longer the time-frame, the more signal and the less noise. I definitely put more emphasis on weekly and monthly charts. The problem is, that for MaidSafe coin we don't have a long history, so the daily scales are all I can find.
To clarify, I am very much an investor and not a trader. There are reams on data that show day trading is the quick path to the poor house. My method is to start by using one of the longer term moving averages, as long as possible really: 200-day, 250-day, 300-day. First question, is it pointing up? If yes, we have a rising trend. Overlaying 2 shorter-term moving averages (20-day and 50-day) then, we would like to see the 20-day rising and above the 50-day and the fifty day rising and above the 200-day. This indicates a rising trend and suggests you should be long. The reverse here is also true, though I never go short.
The Bollinger Bands start with a 20-period moving average (4-hour or daily for MAID). That's the centre line, with the upper and lower bands each 2 standard deviations away for the 20-period moving average. In my experience, charts don't like 'white space', meaning they fill it. So price will tend to gravitate between the centre line (20-period moving average) and the upper or lower bands, 2 standard deviations away. Once price 'leaves' one of these it tends to move to the other.
Ideally, what I want to see is a long-term chart, where prices oscillates between the upper Bollinger Band and the 5/10 month moving averages, with all pointing up. This is typical of a strong long-term trend. Unfortunately we don't have that kind of data yet, for MaidSafe coin, but here's the Nasdaq100. Notice how this was the case from 2010 to the beginning of 2015 where price pretty much moved between the upper BB and the green (5-month) and red (10-month) moving averages.
Not sure if that answers your question, so feel free to