Let's look at the whole history of DXY. We can draw a huge descending channel here. For the last 5 years we have been moving in a triangle. Now we've broken out of it. Which is a strong bullish signal. We will probably go test the upper trend line of the huge channel for about 135 points. If this channel is broken in the future, it can go up to 270 points. That would be the biggest crisis in modern history.
This structure is interesting. From the beginning of the pandemic, we moved in a falling wedge, then broke through and consolidated below 94.5 points. This level was broken on November 10, 2021. At the same time, we broke through the center line of that huge channel of history that day. It is also interesting that Bitcoin reached its peak of 69,000 that day.
This structure is interesting. From the beginning of the pandemic, we moved in a falling wedge, then broke through and consolidated below 94.5 points. This level was broken on November 10, 2021. At the same time, we broke through the center line of that huge channel of history that day. It is also interesting that Bitcoin reached its peak of 69,000 that day.
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