Welcome to this quick update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
USDT DOMINANCE is lying in this important support level of this ascending channel.
First scenario: USDT DOMINANCE is already on this important support level if we Bounce from here then resistance is around 5.09% or we have some local resistance at is 4.27% level. let's see how the daily candle closes.
Second scenario: if the Daily candle closes downside this important support level then we can accept a fast drop up to 3.3 %. both sides are dependent on this daily candle.
What's your thought on this? Do hit the like button if you like this update and share your views in the comment section
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As per my BTC chart if it will go with the first scenario and if ETH break and closes downside this important level of resistance then we can expect a bounce dump up to 3.80%. So let's wait and see how the candle closes.