The dollar looks to be in a rising wedge formation (bearish set-up). The RSI is also running out of steam with lower highs. It could bull trap above the wedge before breaking down with a wick or two. It could also simply topple over soon and end up falling out the bottom trend line. Looks likely to decide by early November.
Remember, a falling dollar is good for cryptos and safe havens such as metals.
Remember, a falling dollar is good for cryptos and safe havens such as metals.
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I love it when a plan comes together.
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RSI now looks to have triple topped while making this higher high in price - bearish divergence.