DXY Weekly idea

10 בנוב׳ 2020

DXY

https://www.tradingview.com/chart/EFvQurxr/

After the COVID crash, DXY broke beneath the trendline support it's been ascending on ever since 2008. Currently it looks like DXY is in a descending wedge on the weekly chart...down for a while longer, then break upwards to test the resistance possibly? Also notice it looks like a bullish divergence on the RSI. Just an idea...and if so, we could have a great BTC buying opportunity in the next couple months!