ReddCoin (RDD)

Current price: $ 0.001012

24 hours price change: - (-)

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

The ADX was primarily developed for commodities, however it is also in use for stock and currency technical analysis, as well as for ReddCoin. In this continuously updated article, we will explain the meaning and current trend of ReddCoin. The current ADX analysis is based on the historical prices of ReddCoin until November 26th, 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 ReddCoin from 05/27/2020 until 11/26/2020.

In the chart above, the development of the price for ReddCoin is shown for the period from 05/27/2020 until 11/26/2020. This same timeframe has been used in the average directional indicator chart below.

Average directional indicator for ReddCoin until 11/26/2020.

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

ReddCoin average directional index 16.62
ReddCoin positive directional indicator 21.43
ReddCoin negative directional indicator 19.30

 

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 ReddCoin.

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

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

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

The ReddCoin currently follows a positive trend. For ReddCoin, the positive directional indicator is 21.43. The value for the negative directional indicator is lower (19.30). This means that the current trend of the ReddCoin is positive.

To measure the strength of the current trend, we look at the ADX. The value of the ADX for ReddCoin  is 16.62, meaning that the trend is very weak. The ADX for ReddCoin does not give us a good indication to start buying or selling ReddCoin.

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

 

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