Bitcoin Cash technical analysis: BCH/USD magnetized to a game-changing trend line

• Bitcoin Cash price is nursing losses of over 3.5% in the second part of Wednesday.  
• BCH/USD is flirting with a critical ascending trend line of support, which has been in play since 13th May.  
• Should the above noted fail to hold, a fresh wave of selling could quickly be seen.  

Spot rate:                   400.85

Relative change:       -3.60%

High:                          421.86

Low:                           380.46

BCH/USD 60-minute chart

• Price action is moving within a range high up at $420, down to $390-80 range.  

BCH/USD daily chart

• The price continues to trade very close to a critical trend line of support.