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Issue 164 – All Eyes on Support

February 11, 2022

It seems the crypto market has once again entered a period of consolidation, which is healthy overall. It’s also no surprise given Bitcoin’s recent test of the yearly open.

So today, we’ll take a look at what the DXY is doing following last week’s bearish engulfing candle. I’ll also provide an update on BTC and ETH.

Lastly, I’ll update you on our play-to-earn tokens including WEAPON, KITTY, and KORI.

Let’s begin!

US Dollar Index (DXY)

The DXY looked like it wanted to break down after Thursday’s CPI. However, the market held onto trend line support from May.

It also didn’t quite break below 95.13, which is what’s needed to confirm last week’s bearish engulfing candle.

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Justin T Bennett

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About the Author

I'm Justin Bennett, a currency trader turned crypto enthusiast.

My journey started with stocks in 2002. After limited success, I transitioned to currencies in 2007, which later became a full time trading gig.

The journey continued, and in 2020, I committed to learning about cryptocurrencies. It was love at first sight. is the culmination of my love for cryptocurrencies, my passion for financial markets, and desire to learn and teach.

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