#US DOLLAR ANALYSIS
The US dollar pumped following the breakout of the symmetrical triangle. Currently, it is encountering horizontal resistance. The RSI is in the overbought region.
A rejection could be a likely scenario as long as it is trading below the horizontal resistance, while a solid breakout would confirm bullishness. It's worth noting that it typically moves inversely to the crypto market.
The US dollar pumped following the breakout of the symmetrical triangle. Currently, it is encountering horizontal resistance. The RSI is in the overbought region.
A rejection could be a likely scenario as long as it is trading below the horizontal resistance, while a solid breakout would confirm bullishness. It's worth noting that it typically moves inversely to the crypto market.