Title: DOTUSD Futures ( DOTUSDT), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 7.222
Pivot: 6.539
Support: 6.201
Preferred case: Looking at the H4 chart, my overall bias for DOTUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Expecting price to continue heading towards the resistance at 7.222, where the previous swing high is.
Alternative scenario: Price could head back down to break the pivot at 6.539, where the 38.2% Fibonacci line is, before heading towards the support at 6.201 where the 50% Fibonacci line is.
Fundamentals: There are no major news.
Type: Bullish Continuation
Resistance: 7.222
Pivot: 6.539
Support: 6.201
Preferred case: Looking at the H4 chart, my overall bias for DOTUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Expecting price to continue heading towards the resistance at 7.222, where the previous swing high is.
Alternative scenario: Price could head back down to break the pivot at 6.539, where the 38.2% Fibonacci line is, before heading towards the support at 6.201 where the 50% Fibonacci line is.
Fundamentals: There are no major news.