ABBC Coin (ABBC)

Current price: $ 0.55

24 hours price change: $ 0.05 (10.57%)

ABBC Coin - ADX

The Average Directional indicator (or ADX) is a directional trading indicator that is used to identify a technical trend, in this case of the ABBC Coin. The trend that is being identified, can be both a positive trend as a negative trend in the pricedevelopment of ABBC Coin.

The ADX was primarily developed for commodities, however it is also in use for stock and currency technical analysis, as well as for ABBC Coin. In this continuously updated article, we will explain the meaning and current trend of ABBC Coin. The current ADX analysis is based on the historical prices of ABBC Coin until October 23rd, 2020.

In the chart below, the strength the trend is drawn, as well as the positive and negative directional indicators. The ADX (Average Directional Index) is the black line. The positive directional indicator (+DI) is the green line, and the negative directional indicator (-DI) is drawn in red.

Price chart for ABBC Coin from 04/23/2020 until 10/23/2020.

In the chart above, the development of the price for ABBC Coin is shown for the period from 04/23/2020 until 10/23/2020. This same timeframe has been used in the average directional indicator chart below.

Average directional indicator for ABBC Coin until 10/23/2020.

In the charts above, you can see the trends of the ADX, +DI and -DI. The current values of these three indicators for the ABBC Coin are listed in the table below.

ABBC Coin average directional index 37.84
ABBC Coin positive directional indicator 55.46
ABBC Coin negative directional indicator 43.15

 

Several signals can be gained from the chart above. First of all, the green line gives us an indication of the positive trend. The opposite line, the red one, indicates the negative trend for ABBC Coin.

When the green line tops the red line, the ABBC Coin is in a positive trend. However, when the situation turns around, the trend has also changed to a negative trend for ABBC Coin.

Furthermore, the black line gives the strength of the current trend of ABBC Coin, both positive and negative. The higher the black line (ADX), the stronger the trend.

ABBC Coin ADX score

The Average Directional Index (ADX) is used to measure the strength or weakness of a trend, not the actual direction. In general, when the positive directional indicator is higher than the negative directional in indicator, the trend of ABBC Coin is assumed to be positive. An important signal is when the -DI (red line) and +DI (green line) crosses over.

The current directional indicator gives a positive signal for ABBC Coin. The positive directional indicator for ABBC Coin is 55.46, which is higher than the negative directional indicator (43.15). The trend that the ABBC Coin follows is a positive one.

The current ADX value is 37.84, which tells us that the current trend is strong. Using these values, we can asume that the ABBC Coin will continue its upwards trend. In short, the current average directional index gives us a buying signal for the ABBC Coin. However, keep an eye on turning trends.

 

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