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Indicators and patterns

2/4/2025

Indicators and patterns

Indicators and patterns

The Average Directional Index (ADX) is a technical indicator used to measure the strength of a trend. In this case, the ADX for the BTC/USD pair on a 15-minute timeframe is indicating a bullish trend. A bullish ADX suggests that the trend is strong and likely to continue.

The signal associated with this ADX reading is a "Buy" signal. This means that based on the ADX indicator's assessment of the trend strength, it is suggesting that it may be a good time to consider buying the BTC/USD pair.

The ADX value associated with this signal is 96.11, which is relatively high and indicates a strong trend. The timestamp for this signal is February 4, 2025, at 22:00 UTC.

Overall, the combination of a bullish ADX and a "Buy" signal suggests that there is strong upward momentum in the BTC/USD pair on the 15-minute timeframe, potentially indicating a good opportunity for traders looking to go long on this asset.

This is not investment advice. Remember to verify the information provided here.

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Honey Payment Group S.A. at Al. Aleje Jerozolimskie 65 / 79, 00-697 Warsaw, Poland, Register number KRS 0000335507, NIP 5252859204, REGON 388760204. Honey Payment Group is listed on the Warsaw Stock Exchange (WSE) under the ticker symbol HPG. Link