Hey Friends, This is my TA using ADX indicator which uses three lines to tell both the trend direction and the trend strength. When the +DI is above the -DI, buying is stronger than selling.
The ADX line helps determine the strength of the trend. An ADX reading above 20 (some traders use 25) indicates a trend is present and attention should be paid to the +DI and -DI to
determine the direction of the trend (see above). When ADX is below 20 a trend likely isn’t present, and therefore trend traders may wish to avoid trades in the asset.
It appears to go sideways for an hour or so.
MACD will cross soon.
Oversold
ADX is showing pretty good strength. DI- and DI+ will cross soon.
Please wait for the candle to close. I will update you guys in about an hour or so.