DXY will dump soon - crypto explosion reason
Hello, everyone!
DXY is the leading indicator for all risky assets, like crypto. That's why it's so important to analyze it.
Let's take a look at the chart. It looks like the price is printing the 5 waves Elliott cycle. Awesome oscillator crossed zero line. It means wave 4 is about to end. Moreover it has almost reached the 0.38 Fibonacci level - the natural correction target. After that I expect new dump in wave 5 below the previous low. At the same time crypto markets is gonna show the bounce, or even new higher high🤑.
Best regards, Ivan
DXY is the leading indicator for all risky assets, like crypto. That's why it's so important to analyze it.
Let's take a look at the chart. It looks like the price is printing the 5 waves Elliott cycle. Awesome oscillator crossed zero line. It means wave 4 is about to end. Moreover it has almost reached the 0.38 Fibonacci level - the natural correction target. After that I expect new dump in wave 5 below the previous low. At the same time crypto markets is gonna show the bounce, or even new higher high🤑.
Best regards, Ivan
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