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.
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