Long Term DXY Trend [Possible bottom for Crypto and the stocks?]

U.S. Dollar Index (TVC:DXY)

TVC:DXY U.S. Dollar Index

trendanalysis chartpattern waveanalysis dxy dxyshort bottoms bitcoin stocks crypto trend

This long term channel on DXY on the monthly channel shows DXY at key resistance and currently struggling on resistance and the top of the channel. Usually when DXY goes down, cryptocurrencies and stocks will do the opposite since traders are risking more and not being in cash, this can potentially be a good bull market for 2024.

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