DOTUSD Futures ( DOTUSD03G2023 ), H4 Potential for Bullish Rise
Title: DOTUSD Futures ( DOTUSD03G2023 ), H4 Potential for Bullish Rise
Type: Bullish Rise
Resistance: 6.705
Pivot: 6.326
Support: 6.030
Preferred case: Looking at the H4 chart, my overall bias for DOTUSD03G2023 is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Expecting price to retest the pivot at 6.326, where the 38.2% Fibonacci line is before continue heading towards the resistance at 6.705, where the previous swing high is.
Alternative scenario: Price could head back down to retest the pivot at 6.326, where the 38.2% Fibonacci line is, before heading towards the support at 6.030, where the previous swing low is.
Fundamentals: There are no major news.
Type: Bullish Rise
Resistance: 6.705
Pivot: 6.326
Support: 6.030
Preferred case: Looking at the H4 chart, my overall bias for DOTUSD03G2023 is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Expecting price to retest the pivot at 6.326, where the 38.2% Fibonacci line is before continue heading towards the resistance at 6.705, where the previous swing high is.
Alternative scenario: Price could head back down to retest the pivot at 6.326, where the 38.2% Fibonacci line is, before heading towards the support at 6.030, where the previous swing low is.
Fundamentals: There are no major news.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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