Crypto.com Chain (CRO)

Current price: $ 0.15

24 hours price change: $ 0.003766 (2.56%)

Crypto.com Chain - Average Directional Index

The Average Directional indicator (or ADX) is a directional trading indicator that is used to identify a technical trend, in this case of the Crypto.com Chain. The trend that is being identified, can be both a positive trend as a negative trend in the pricedevelopment of Crypto.com Chain.

The ADX was primarily developed for commodities, however it is also in use for stock and currency technical analysis, as well as for Crypto.com Chain. In this continuously updated article, we will explain the meaning and current trend of Crypto.com Chain. The current ADX analysis is based on the historical prices of Crypto.com Chain until March 5th, 2021.

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 Crypto.com Chain from 09/04/2020 until 03/05/2021.

In the chart above, the development of the price for Crypto.com Chain is shown for the period from 09/04/2020 until 03/05/2021. This same timeframe has been used in the average directional indicator chart below.

Average directional indicator for Crypto.com Chain until 03/05/2021.

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

Crypto.com Chain average directional index 23.46
Crypto.com Chain positive directional indicator 39.95
Crypto.com Chain negative directional indicator 35.38

 

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 Crypto.com Chain.

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

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

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

As you can see in the chart above, the Crypto.com Chain follows a positive trend. The positive directional indicator (39.95) is higher than the negative directional indicator (35.38). When this situation occurs, the trend can be identified as a positive trend for the Crypto.com Chain.

Allthough the trend is positive, the current situation of the trend of Crypto.com Chain is not that strong. The ADX gives us a value of 23.46, which means that the trend currently followed by Crypto.com Chain is a weak one. To get clear signals from the ADX for Crypto.com Chain, you should wait until the ADX moves upwards of 25.

As mentioned, the current trend is positive, however the trend might flip over to a negative trend.

 

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