Hedera Hashgraph (HBAR)

Current price: $ 0.07

24 hours price change: $ 0.000240 (0.35%)

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

The ADX was primarily developed for commodities, however it is also in use for stock and currency technical analysis, as well as for Hedera Hashgraph. In this continuously updated article, we will explain the meaning and current trend of Hedera Hashgraph. The current ADX analysis is based on the historical prices of Hedera Hashgraph until January 28th, 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 Hedera Hashgraph from 07/28/2022 until 01/28/2023.

In the chart above, the development of the price for Hedera Hashgraph is shown for the period from 07/28/2022 until 01/28/2023. This same timeframe has been used in the average directional indicator chart below.

Average directional indicator for Hedera Hashgraph until 01/28/2023.

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

Hedera Hashgraph average directional index 42.99
Hedera Hashgraph positive directional indicator 56.50
Hedera Hashgraph negative directional indicator 23.99


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 Hedera Hashgraph.

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

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

Hedera Hashgraph 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 Hedera Hashgraph 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 Hedera Hashgraph. The positive directional indicator for Hedera Hashgraph is 56.50, which is higher than the negative directional indicator (23.99). The trend that the Hedera Hashgraph follows is a positive one.

The current ADX value is 42.99, which tells us that the current trend is strong. Using these values, we can asume that the Hedera Hashgraph will continue its upwards trend. In short, the current average directional index gives us a buying signal for the Hedera Hashgraph. However, keep an eye on turning trends.


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