Echoin (EC)

Current price: -

24 hours price change: - (-)

Echoin 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 Echoin. The trend that is being identified, can be both a positive trend as a negative trend in the pricedevelopment of Echoin.

The ADX was primarily developed for commodities, however it is also in use for stock and currency technical analysis, as well as for Echoin. In this continuously updated article, we will explain the meaning and current trend of Echoin. The current ADX analysis is based on the historical prices of Echoin until April 15th, 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 Echoin from 03/25/2020 until 04/15/2020.

In the chart above, the development of the price for Echoin is shown for the period from 03/25/2020 until 04/15/2020. This same timeframe has been used in the average directional indicator chart below.

Average directional indicator for Echoin until 04/15/2020.

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

Echoin average directional index 15.69
Echoin positive directional indicator 26.87
Echoin negative directional indicator 25.50


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 Echoin.

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

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

Echoin 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 Echoin is assumed to be positive. An important signal is when the -DI (red line) and +DI (green line) crosses over.

The Echoin currently follows a positive trend. For Echoin, the positive directional indicator is 26.87. The value for the negative directional indicator is lower (25.50). This means that the current trend of the Echoin is positive.

To measure the strength of the current trend, we look at the ADX. The value of the ADX for Echoin  is 15.69, meaning that the trend is very weak. The ADX for Echoin does not give us a good indication to start buying or selling Echoin.

To get a good signal to buy Echoin, we have to wait until the trend gives us a higher ADX value in the current positive trend.


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