Cryptocurrency Q&A
How much should ADX be?
How much should ADX be?
CryptoPioneer
Mon Oct 28 2024
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6 answers
1205
I'm wondering about the ideal or recommended amount of ADX. I want to know how much ADX should I have or consider as a good or sufficient amount.
6 answers
GalaxyGlider
Wed Oct 30 2024
ADX measures the strength of a trend and its values fall within a range of 0 to 100.
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98
46
Daniela
Wed Oct 30 2024
Technical analysts often rely on ADX readings to understand the direction and momentum of a market.
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68
21
Dario
Wed Oct 30 2024
Readings below 20 on the ADX indicator usually suggest that the trend is weak and the market may be consolidating or moving sideways.
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150
34
GinsengBoostPowerBoost
Tue Oct 29 2024
Conversely, readings above 40 indicate that a strong trend is present, and traders can expect significant price movements in the direction of the trend.
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250
32
Caterina
Tue Oct 29 2024
An ADX reading above 50 is considered to signal an extremely strong trend, where the market is likely to continue moving in the same direction with significant momentum.
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258
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