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.
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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