DXY HAS CREATED ITS GRAVE!DXY has been SKYROCKETING to the upside recently and im here to show you guys why thats a bad thing for DXY! In this chart, you can see that DXY has been in this downtrend channel since 2015. I know it looks like its breaking out of it but thats not the case since it also seemed like that in 2017 and 2020. Actually, this time its even quite possible to break the downtrend channel to the DOWNSIDE! DXY has created a BEARISH DIVERGANCE ON THE MONTHLY!! As you see the, the rsi is going above 2020 while DXY was higher in 2020 than now. That is called a bearish divergance. 2 scenarios can play out at this point: either DXY gets rejected by the downtrend channel or it goes up to 103 resistance like it did 2017 and 2020 and crash then. Crypto and stocks bullseason is on the verge!! If DXY breaks the downtrend channel to the downside, it will be a very huge bullmarket!
