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imanpournasser

The price has now reached a support level and has been corrected. The price is expected to pass through this resistance zone and reach the specified range.

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In the daily timeframe, we have a strong impulse wave, after which we had a price correction. We are witnessing the failure of the reform process. In the 4-hour time frame, the price can break the specified resistance level, we expect the price to grow to the specified range as the first target.

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In the one-hour timeframe, the price has reached a support range. We have to wait for the news results. If the news is positive, this level will be broken.Which is likely to be the case.

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In the daily time frame, the price is in the ascending channel. By examining the lower time frames, we see that the price reacted well to the bottom of the channel. Therefore, the expectation of price growth to the specified range is not unexpected.

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With the end of the downtrend, we see an increase in prices. The process is well suited to the theory of Elliott waves.

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In the daily time, we see an increase in the price sharpy, which has reached a strong resistance zone. As a result, in this area we expect a return or at least correction to the specified range.

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double bottom pattern...............................................

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no comment.............................................................

imanpournasser

sell position.....................................................................

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waiting......................................................................

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imanpournasser

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waiting for breaking highlited zone....................................................

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waiting for break lower time trend line............................................

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waiting for break neckline..................................................

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btcusd long position............................................................................

imanpournasser

From the chart, it seems that the price is forming a double bottom pattern, which has reacted well to the bottom floor of the channel and the marked support area. So we have to wait for breaking neck line to enter the buy position