Title: DOTUSD Futures ( DOTUSD3 ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 7.206
Pivot: 6.071
Support: 5.544
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 7.206, where the previous swing high is.
Alternative scenario: Price could head back down to retest the pivot at 6.071, where the 61.8% Fibonacci line is.
Fundamentals: There are no major news.
Type: Bullish Continuation
Resistance: 7.206
Pivot: 6.071
Support: 5.544
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 7.206, where the previous swing high is.
Alternative scenario: Price could head back down to retest the pivot at 6.071, where the 61.8% Fibonacci line is.
Fundamentals: There are no major news.