ADX: Identifying Trend Strength and Potential Reversals in Cryptocurrency Markets
The Average Directional Index (ADX) is a technical indicator used in financial markets to measure trend strength and potential reversals. In cryptocurrency markets, the ADX can provide valuable insights into the strength of current trends and the likelihood of future price changes. By analyzing the ADX, traders can make informed decisions about entering or exiting trades and potentially increase their profitability.
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