TRX looking bearish
TRX looking very bearish. why?
1) the massive RSI divergence stood out like a sore thumb on the hour chart. This is an indicator that price will begin to fall.
2) Price bounced off the 65.00 fib which contradicts the RSI
3) MACD crossover shows bearish signs
Overall bearish of TRX and would advise to stay out for now until we have more confluences that it will continue to uptrend :D
1) the massive RSI divergence stood out like a sore thumb on the hour chart. This is an indicator that price will begin to fall.
2) Price bounced off the 65.00 fib which contradicts the RSI
3) MACD crossover shows bearish signs
Overall bearish of TRX and would advise to stay out for now until we have more confluences that it will continue to uptrend :D
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