Kyber Network (KNC)

Current price: $ 0.18

24 hours price change: $ -0.01 (-5.76%)

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

The ADX was primarily developed for commodities, however it is also in use for stock and currency technical analysis, as well as for Kyber Network. In this continuously updated article, we will explain the meaning and current trend of Kyber Network. The current ADX analysis is based on the historical prices of Kyber Network until October 20th, 2019.

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 Kyber Network from 04/19/2019 until 10/20/2019.

In the chart above, the development of the price for Kyber Network is shown for the period from 04/19/2019 until 10/20/2019. This same timeframe has been used in the average directional indicator chart below.

Average directional indicator for Kyber Network until 10/20/2019.

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

Kyber Network average directional index 12.66
Kyber Network positive directional indicator 37.58
Kyber Network negative directional indicator 40.58

 

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 Kyber Network.

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

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

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

The Kyber Network currently follows a negative trend. For Kyber Network, the positive directional indicator is 37.58. The value for the negative directional indicator is higher (40.58). This means that the current trend of the Kyber Network is negative.

To measure the strength of the current trend, we look at the ADX. The value of the ADX for Kyber Network  is 12.66, meaning that the trend is very weak. The ADX for Kyber Network does not give us a good indication to start buying or selling Kyber Network.

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