The US #dollar has recently experienced a significant downward movement, breaking below a rising wedge pattern and successfully retesting below it. Additionally, it has also breached the MA 21 support level.
The #MACD crossover indicates a bearish momentum, and the RSI is heading towards the oversold region.
Considering these multiple factors, it suggests that the downward trend in the US dollar is likely to continue. This situation could potentially be seen as a #Bullish sign for the cryptocurrency market since it often moves in the opposite direction to traditional currencies like the US dollar.
