#DXY is giving us a hint for the upcoming move in the market.

26 Apr 2022

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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#PEACE