TRX massively overbought, waiting for a big correction
While the market has been going down for the past two weeks, TRON (TRX) has been pumping like there's no tomorrow. It gained 75% in just a week while everything is dropping like crazy.
If you take a look at the MACD and RSI indicators you can see that this is massively overbought compared to it's normal levels, and should face a correction soon.
This seems to have originated from TRX breaking it original downtrend line, so the snowball effect and FOMO must have kicked in. It might also be a hype or pump and dump.
/!\ This is not financial advice, always do your own analysis and research /!\
If you take a look at the MACD and RSI indicators you can see that this is massively overbought compared to it's normal levels, and should face a correction soon.
This seems to have originated from TRX breaking it original downtrend line, so the snowball effect and FOMO must have kicked in. It might also be a hype or pump and dump.
/!\ This is not financial advice, always do your own analysis and research /!\
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