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31/07/2024 12:29 am
#US DOLLAR ANALYSIS
The US dollar has recently broken down from a symmetrical triangle pattern and is now trading within the Ichimoku cloud, with the 200-day moving average acting as support. A successful retest of the triangle's lower boundary could confirm a bearish trend. However, failure to retest may lead to further consolidation within the triangle.
It's crucial to consider the inverse relationship between the US dollar and the cryptocurrency market. As the US dollar weakens, cryptocurrencies often experience upward movement, indicating potential gains for digital assets in the near future.n
nForwarded from: The Crypto ExpressnnForwarded from Telegram. NFA! DYOR!
