DXY (is it time to see relief in crypto market?)
DXYFinally it's time to watch us dollar index closely as it is approaching the upper boundary of long time frame ascending channel. us dollar index shows the strength of USD against other assets. RSI looks overbought and i am expecting to see some green candles for crypto in coming weeks. Historically we can see how crypto market reacted to these critical levels of DXY chart and this is one reason for me to get interested in DXY current chart. this does not mean bear market is finished but it shows we can see bounce before real crypto winter comes. in the TOTAL chart i will go deeper in TA and see what is in it for us to be more curious.
as always DYOR before taking any financial decisions.
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