The analysis discusses DOTUSD on a weekly timeframe, noting a five-wave move down from its all-time high. The current trend is bearish, confirmed by the five-wave decline. There are two possible scenarios: a short-term bullish counter-trend move with a potential rise to between $10.15 and $21.40, and a more direct bearish scenario. Should the price break below the red line, an immediate move into a third wave down is expected. On the 4H timeframe, there are short term support clusters but nothing clearly bullish as the upward moves look more like a three wave structure and the chart is considered weak, with many invalidated upside reversals. A line in the sand is placed at $3.30 which is said to be the red line. A five wave move up on the nano-structures chart does not convince the analyst, who considers that DOT has repeatedly invalidated a lot of upside reversal attempts.