Measured move off the potential H&S on DXY points to the 0.786 fibonacci retracement level off the high of the recent rally.
This 0.786 fib level also corresponds with a historical resistance/support line that would be retested and if it holds as support could indicate a continuation to upside.
If this plays out, it would likely correspond to a short term rally in BTC and then down reversal as DXY recovers off support
This 0.786 fib level also corresponds with a historical resistance/support line that would be retested and if it holds as support could indicate a continuation to upside.
If this plays out, it would likely correspond to a short term rally in BTC and then down reversal as DXY recovers off support
