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Crypto Express

06/13 07:48

Is TRX headed for a bullish phase?


In a post on CryptoQuant Insights, analyst Burak Kesmeci observed that the Sharpe ratio, which could be used to identify cycle tops, showed that TRX was “still cheap.” The Sharpe Ratio measures risk-adjusted returns.

Values above 40 for the metric have signaled overheated market conditions. Meanwhile, 1.00 has been the pivot — when the Sharpe Ratio is above 1.00, a bullish phase would usually be in progress.

At the time of writing, the metric was at 8.36. It had dipped below 1 on the 7th of June, jumping back above it on the 11th of June.
Hence, it was a sign that bullish TRX price action could be expected, but that the market was not overextendedTRON-Sharpe-Ratio-768x432.webp

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