Whole Network (NODE)

Current price: $ 0.000121

24 hours price change: $ -0.000002 (-1.38%)

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

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

In the chart above, the development of the price for Whole Network 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 Whole Network 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 Whole Network are listed in the table below.

Whole Network average directional index 16.19
Whole Network positive directional indicator 5.87
Whole Network negative directional indicator 4.21

 

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 Whole Network.

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

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

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

The Whole Network currently follows a positive trend. For Whole Network, the positive directional indicator is 5.87. The value for the negative directional indicator is lower (4.21). This means that the current trend of the Whole Network is positive.

To measure the strength of the current trend, we look at the ADX. The value of the ADX for Whole Network  is 16.19, meaning that the trend is very weak. The ADX for Whole Network does not give us a good indication to start buying or selling Whole Network.

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

 

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