Bitcoin Cash just broke it local support at 235 price level

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

Bitcoin Cash just broke it local support at 235 price level and almost touched upper bound of 218-200 support area. As I indicated in my previous ideas I wait 200 price level after which there might be some correction phase. Before BCH will reach this level I don't expect any significant correction. Otherwise everything goes as expected and I think that very soon we'll see Bitcoin Cash at 200 price.

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Comment:

There have been some correction on BCH but price isn't showing much willingness to go higher and now is trading just above 235 price. Now we need to see if price manages to hold above this level and continue its rise. If price won't manage to hold above 235 than it's likely to go down to 200 price.

Comment:

So, BCH price didn't manage to stay above 235 price and now is trading under that level. It is likely that we see 220 price on the next week and maybe even lower.

Comment:

Bitcoin Cash is consolidating under 235 level and more likely that it will continue to fall further to 220-200 support area.
Overall idea remains the same. There is nothing much happening on the market.