Hi traders, as you can see Bitcoin Cash is steadily correcting. There is an important support it needs to keep ($1000) any close under this price, we will be heading to a major correction to around $600. In my previous analysis, I have mentioned that the market makers had to distribute more of their coins. Therefore, this was the reason why the prices moved to our target of $1550 where we saw strong selling and high volumes. Let see how price will evolve in the next few days. Good luck! - Abdulla
Comment:
Nice breakout from the trend.
Comment:
$1000 broken!
Comment:
The price is not reacting much to the support zone. Bearish trend seems want to continue without any correction.
Comment:
Bitcoin Cash is heading to create a lower high before it continuities its bearish trend.
Bitcoin Cash is heading to create a lower high before it continuities its bearish trend.
