Waltonchain (WTC)

Current price: $ 0.97

24 hours price change: $ -0.02 (-2.14%)

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

The ADX was primarily developed for commodities, however it is also in use for stock and currency technical analysis, as well as for Waltonchain. In this continuously updated article, we will explain the meaning and current trend of Waltonchain. The current ADX analysis is based on the historical prices of Waltonchain until December 1st, 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 Waltonchain from 05/31/2021 until 12/01/2021.

In the chart above, the development of the price for Waltonchain is shown for the period from 05/31/2021 until 12/01/2021. This same timeframe has been used in the average directional indicator chart below.

Average directional indicator for Waltonchain until 12/01/2021.

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

Waltonchain average directional index 13.24
Waltonchain positive directional indicator 36.40
Waltonchain negative directional indicator 34.92

 

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 Waltonchain.

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

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

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

The Waltonchain currently follows a positive trend. For Waltonchain, the positive directional indicator is 36.40. The value for the negative directional indicator is lower (34.92). This means that the current trend of the Waltonchain is positive.

To measure the strength of the current trend, we look at the ADX. The value of the ADX for Waltonchain  is 13.24, meaning that the trend is very weak. The ADX for Waltonchain does not give us a good indication to start buying or selling Waltonchain.

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

 

About Us

: Financial indicators for cryptocurrencies