Ethereum Classic (ETC)

Current price: $ 38.15

24 hours price change: $ 0.32 (0.85%)

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

The ADX was primarily developed for commodities, however it is also in use for stock and currency technical analysis, as well as for Ethereum Classic. In this continuously updated article, we will explain the meaning and current trend of Ethereum Classic. The current ADX analysis is based on the historical prices of Ethereum Classic until August 7th, 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 Ethereum Classic from 02/06/2022 until 08/07/2022.

In the chart above, the development of the price for Ethereum Classic is shown for the period from 02/06/2022 until 08/07/2022. This same timeframe has been used in the average directional indicator chart below.

Average directional indicator for Ethereum Classic until 08/07/2022.

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

Ethereum Classic average directional index 40.63
Ethereum Classic positive directional indicator 56.69
Ethereum Classic negative directional indicator 22.38


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 Ethereum Classic.

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

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

Ethereum Classic 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 Ethereum Classic 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 Ethereum Classic. The positive directional indicator for Ethereum Classic is 56.69, which is higher than the negative directional indicator (22.38). The trend that the Ethereum Classic follows is a positive one.

The current ADX value is 40.63, which tells us that the current trend is strong. Using these values, we can asume that the Ethereum Classic will continue its upwards trend. In short, the current average directional index gives us a buying signal for the Ethereum Classic. However, keep an eye on turning trends.


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