Bitcoin Cash is trading in a narrow price range

Hi guys, let's review the current situation on Bitcoin Cash.

Bitcoin Cash is traiding in a narrow price range between 260 and 235. It seems that it's found local support at 235 and from there it's trying to test 265 resistance but so far it didn't go higher 260 price. I don't think that BCH price will go significantly higher than 265 resistance area.
Overall I'm bearish on Bitcoin Cash and still waiting its reaching 200 support level but it can take some time.

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Comment:

Bitcoin Cash almost reached its local support at 235 price but recovered a bit thanks to Bitcoin price recovery. Unlike Bitcoin Bitcoin Cash didn't recovered fully and just slightly reduced its price drop.
Overall idea remain the same, I still expect BCH at 200 level.