I'll keep it short and simple. Overextended rally in DXY adding up to bearish divergence in RSI and similar fractals are indicating a rejection at the current level. Rising wedge channels are normally bearish in nature. A reversal candle will trigger the move and eventually, the traditional market will move along with Crypto Market. The index must close below the red MA for the final confirmation. Although we are at a decisive point, the patterns are indicating a potential bearish move.
Invalidation:- Break and close above the upper resistance trendline will invalidate the chart.
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Your TA is misleading. DXY will NOT get rejected under the current economic circumstance and will simply go to 200.
arvine11
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@yinyangmafia00011 his chart is brilliant
Recluse82
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@yinyangmafia00011, looooooooooooooooooooollllll
1BigPapi
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@yinyangmafia00011, You honestly expect the DXY to put in all time highs now?
manikdhruv
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@yinyangmafia00011 his chart is accurate but DXY is not facing any rejections from upper levels though it can break trend line
DowlaInGreen
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@yinyangmafia00011 Anything over 104 gets us back to highs from 20yrs ago, you actually think that can happen right now? BTW awesome chart in my opinion