DXY faces a strong resistance
US Dollar Index is the strongest asset this year so far, But this might change soon
Around mark (118-120) in my chart there is a historical resistance last time reached that level was 2002
this resistance is very strong and can change the trend direction Also check monthly RSI there is historical resistant too
Keep in mind that US Dollar Index has an opposite relationship with all other assets like SP500 - GOLD - BITCOIN and other currencies
If DXY start to correct around that level BTC can found bottom and go up in on the otherside if it made a breakout the bears winter season will continue much much longer
Do you think DXY will drop soon ?
Share with me in comment section below ⬇️
Around mark (118-120) in my chart there is a historical resistance last time reached that level was 2002
this resistance is very strong and can change the trend direction Also check monthly RSI there is historical resistant too
Keep in mind that US Dollar Index has an opposite relationship with all other assets like SP500 - GOLD - BITCOIN and other currencies
If DXY start to correct around that level BTC can found bottom and go up in on the otherside if it made a breakout the bears winter season will continue much much longer
Do you think DXY will drop soon ?
Share with me in comment section below ⬇️
Ascending channel top which is bearish too