DXY always influences performance of crypto market. If DXY dumps crypto tends to pump which is a bullish indicator for the crypto market. Since dxy has rejected from a multi year support zone, there are multiple indications for more downside. The rsi has shown a double top and the macd has also just crossed bearish further confirming mid term downside and midterm upside for the crypto markets.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.