Keep an eye on Bitcoin Cash!

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

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Nice breakout from the trend.

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$1000 broken!

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The price is not reacting much to the support zone. Bearish trend seems want to continue without any correction.

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Bitcoin Cash is heading to create a lower high before it continuities its bearish trend.