Chain (CRO)

Current price: $ 0.05

24 hours price change: $ 0.000070 (0.14%) Chain - Average Directional Index

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

The ADX was primarily developed for commodities, however it is also in use for stock and currency technical analysis, as well as for Chain. In this continuously updated article, we will explain the meaning and current trend of Chain. The current ADX analysis is based on the historical prices of Chain until September 24th, 2023.

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 Chain from 03/26/2023 until 09/24/2023.

In the chart above, the development of the price for Chain is shown for the period from 03/26/2023 until 09/24/2023. This same timeframe has been used in the average directional indicator chart below.

Average directional indicator for Chain until 09/24/2023.

In the charts above, you can see the trends of the ADX, +DI and -DI. The current values of these three indicators for the Chain are listed in the table below. Chain average directional index 16.92 Chain positive directional indicator 43.59 Chain negative directional indicator 54.75


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 Chain.

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

Furthermore, the black line gives the strength of the current trend of Chain, both positive and negative. The higher the black line (ADX), the stronger the trend. Chain 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 Chain is assumed to be positive. An important signal is when the -DI (red line) and +DI (green line) crosses over.

The Chain currently follows a negative trend. For Chain, the positive directional indicator is 43.59. The value for the negative directional indicator is higher (54.75). This means that the current trend of the Chain is negative.

To measure the strength of the current trend, we look at the ADX. The value of the ADX for Chain  is 16.92, meaning that the trend is very weak. The ADX for Chain does not give us a good indication to start buying or selling Chain.

To get a good signal to trade Chain, we have to wait until the trend gives us a higher ADX value in the current negative trend.


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: Financial indicators for cryptocurrencies