DXY Is breaking out and this will have a bearish effect on crypto and all equity's
Comment:
Idea is looking good so far nice 0,81% bounce since idea was posted. could go 3 ways from here.
1. RSI is overbought so we can drop back to the lower 106 to reset rsi and test support and then continue the bullish rally to 108 or higher
2. we continue the rally without resetting the RSI and claim 108 in the next couple of days.
3. we reset the RSI and cant hold resistance cousing the DXY to crash back to the lower 100's
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1. RSI is overbought so we can drop back to the lower 106 to reset rsi and test support and then continue the bullish rally to 108 or higher
2. we continue the rally without resetting the RSI and claim 108 in the next couple of days.
3. we reset the RSI and cant hold resistance cousing the DXY to crash back to the lower 100's