Can traders expect a correction of BCH soon? maplesyrupsuckr BitcoinCashA BitcoinCash BitcoinCash BitcoinCom BitcoinBCHNews
. Currently, one should pay attention to the day's closure. If it occurs below the middle of the narrow channel at $190, the decline is likely to continue to the support at $180.5.On the bigger time frame, the price has also made a false breakout of yesterday's peak at $193.5.
The volume has sharply risen, so traders might have started fixing their positions. In this regard, sellers might seize the initiative, which can lead to a drop to the $170-$180 zone within the following weeks.The situation is a bit better for bulls on the daily chart against Bitcoin . Buyers are trying to keep the rate above yesterday's peak at 0.0062. If they manage to do that, the upward move may continue to the 0.007 area soon.
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