Seele (SEELE)

Current price: -

24 hours price change: - (-)

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

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

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 Seele from 12/28/2021 until 06/28/2022.

In the chart above, the development of the price for Seele is shown for the period from 12/28/2021 until 06/28/2022. This same timeframe has been used in the average directional indicator chart below.

Average directional indicator for Seele until 06/28/2022.

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

Seele average directional index 33.69
Seele positive directional indicator 66.46
Seele negative directional indicator 31.01

 

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 Seele.

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

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

Seele 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 Seele 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 Seele. The positive directional indicator for Seele is 66.46, which is higher than the negative directional indicator (31.01). The trend that the Seele follows is a positive one.

The current ADX value is 33.69, which tells us that the current trend is strong. Using these values, we can asume that the Seele will continue its upwards trend. In short, the current average directional index gives us a buying signal for the Seele. However, keep an eye on turning trends.

 

About Us

: Financial indicators for cryptocurrencies