#US Dollar Analysis:
The US dollar surged after breaking out of the symmetrical triangle pattern. Currently, it's encountering resistance at a horizontal level. RSI signals overbought conditions.
A rejection seems probable, but a decisive breakout above resistance would confirm bullish sentiment. Remember, it often moves inversely to the crypto market.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my profit and losses. So, do your research before investing in this trade.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
The US dollar surged after breaking out of the symmetrical triangle pattern. Currently, it's encountering resistance at a horizontal level. RSI signals overbought conditions.
A rejection seems probable, but a decisive breakout above resistance would confirm bullish sentiment. Remember, it often moves inversely to the crypto market.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my profit and losses. So, do your research before investing in this trade.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
