Bitcoin Cash technical analysis:  BCH/USD range block is subject to a big breakout

• Bitcoin Cash price is trading in the green, with gains of 3.20%   the session on Thursday.
• BCH/USD daily price action moving is subject to a potential impulsive breakout.  
• The big psychological  $200 price mark is being tested to the downside.  

BCH/USD daily chart

Price action is moving within a narrowing range block formation, the high up at $240, the low down at $210.  

BCH/USD 60-minute chart

Critical near-term hourly supply within the $215 – 217 price territory.  

Spot rate:                   216.79

Relative change:       +3.20%

High:                          217.46

Low:                           206.45