Enjin Coin (ENJ)

Current price: $ 0.07

24 hours price change: $ -0.000401 (-0.57%)

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

The ADX was primarily developed for commodities, however it is also in use for stock and currency technical analysis, as well as for Enjin Coin. In this continuously updated article, we will explain the meaning and current trend of Enjin Coin. The current ADX analysis is based on the historical prices of Enjin Coin until September 21st, 2019.


Price chart for Enjin Coin from 03/24/2019 until 09/21/2019.

In the chart above, the development of the price for Enjin Coin is shown for the period from 03/24/2019 until 09/21/2019. This same timeframe has been used in the average directional indicator chart below.

Average directional indicator for Enjin Coin until 09/21/2019.

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

Enjin Coin average directional index 20.05
Enjin Coin positive directional indicator 30.62
Enjin Coin negative directional indicator 25.23



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

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

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

As you can see in the chart above, the Enjin Coin follows a positive trend. The positive directional indicator (30.62) is higher than the negative directional indicator (25.23). When this situation occurs, the trend can be identified as a positive trend for the Enjin Coin.

Allthough the trend is positive, the current situation of the trend of Enjin Coin is not that strong. The ADX gives us a value of 20.05, which means that the trend currently followed by Enjin Coin is a weak one. To get clear signals from the ADX for Enjin Coin, you should wait until the ADX moves upwards of 25.
