Our traders have been waiting for the slow grind to 100. It is worth noting that the dxy is holding a 200 MA support and if we do not continue down to test 98.00 we will stay within the supported 200 MA trend. A break could pin us to a 800 MA zone as you can see historically how we have dripped and touched before turning around.
This is just an observation post for everyone to get an idea that just because we had downward movement we can still yank back up off this green MA line.
Do you see the curve coming? Notice the projection of price humping before the crash of the dollar. My belief is it will slowly go down and level out with other fiat currencies as we build the digital asset market and new ways of currency value. Big changes happening but fiat isnt going anywhere soon. Just many changes are happening and its worth noting Digital assets as a big player in the way we view finances.
This is just an observation post for everyone to get an idea that just because we had downward movement we can still yank back up off this green MA line.
Do you see the curve coming? Notice the projection of price humping before the crash of the dollar. My belief is it will slowly go down and level out with other fiat currencies as we build the digital asset market and new ways of currency value. Big changes happening but fiat isnt going anywhere soon. Just many changes are happening and its worth noting Digital assets as a big player in the way we view finances.
