Bitcoin Cash technical analysis: BCH/USD $200 exposed to another potential bear attack

• Bitcoin Cash price is trading in the red, with losses of 0.10% in the second half of the session.
• BCH/USD price action has breached a daily ascending wedge structure.
• The price is running towards its third consecutive session in the red.

BCH/USD daily chart

Critical daily support is holding for now, however at risk of a possible bear attack, which would then exposed $200.  

BCH/USD 60-minute chart

Near-term price action is moving within a bearish penannt structure, subject to a potential breakout south.  

Spot rate:                  215.05

Relative change:       -0.10%

High:                          216.36

Low:                           209.70

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