The US dollar is consolidating within an upward channel and is currently testing the trend support line for a possible downward breakout.
The Ichimoku cloud acts as a strong resistance from above, limiting the upward momentum.
A decisive break below the channel may trigger a bearish movement, while a bounce from this level remains possible.
Given the typical inverse relationship of the US dollar to the crypto market, this price movement could play a key role in shaping upcoming crypto trends.
View Original
[The user has shared his/her trading data. Go to the App to view more.]
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#US DOLLAR ANALYSIS
The US dollar is consolidating within an upward channel and is currently testing the trend support line for a possible downward breakout.
The Ichimoku cloud acts as a strong resistance from above, limiting the upward momentum.
A decisive break below the channel may trigger a bearish movement, while a bounce from this level remains possible.
Given the typical inverse relationship of the US dollar to the crypto market, this price movement could play a key role in shaping upcoming crypto trends.