Title: DOTUSD Futures ( DOTUSD3 ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 6.992 Pivot: 6.454 Support: 5.700
Preferred case: Looking at the H4 chart, my overall bias for DOTUSD3 is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Expecting price to continue heading towards the support at 5.700, where the overlap support is.
Alternative scenario: Price could head back up towards the resistance at 6.992, where the previous swing high is.