Dash (DASH)

Current price: $ 25.23

24 hours price change: $ -0.43 (-1.67%)

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

The ADX was primarily developed for commodities, however it is also in use for stock and currency technical analysis, as well as for Dash. In this continuously updated article, we will explain the meaning and current trend of Dash. The current ADX analysis is based on the historical prices of Dash until June 17th, 2024.

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 Dash from 12/17/2023 until 06/17/2024.

In the chart above, the development of the price for Dash is shown for the period from 12/17/2023 until 06/17/2024. This same timeframe has been used in the average directional indicator chart below.

Average directional indicator for Dash until 06/17/2024.

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

Dash average directional index 29.35
Dash positive directional indicator 14.52
Dash negative directional indicator 36.10


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 Dash.

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

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

Dash 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 Dash 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 negative signal for Dash. The positive directional indicator for Dash is 14.52, which is lower than the negative directional indicator (36.10). Therefore, the trend that Dash follows is negative.

The current ADX value is 29.35, which tells us that the current trend is strong. Using these values, we can asume that the Dash will continue its downwards trend. In short, the current average directional index gives us a selling signal for the Dash. However, you should always be aware, since trends are changing from time to time.


About Us

: Financial indicators for cryptocurrencies