Bitcoin Cash Technical Analysis: BCH/USD $200 likely to be a problem

• Bitcoin Cash price is trading in the red, with losses of 2.50% in the second half of the session.
• BCH/USD remains vulnerable trading underneath the breached psychological $200 mark.  
• The next major area of support is seen down at the $150 price territory.  

BCH/USD daily chart

Heavy supply can be observed from $190-210 price range, following the breach last week.  

BCH/USD 60-minute chart

The price is sitting on a critical near-term ascending trend line of support via the 60-minute view.  

Spot rate:                 181.97

Relative change:       -3.40%

High:                         198.27                            

Low:                           190.68