Bitcoin Cash Technical Analysis: BCH/USD risks remain tilted to the downside, following breach of $150

• Bitcoin Cash price late on Friday is trading within negative territory, down firmly over 2%.  
• BCH/USD remains vulnerable to downside risks, given the breach of $150 near-term support.  

BCH/USD 15-minute chart

• Near-term price action is moving within a horizontal range-block formation, vulnerabilities remain to the downside.  

Spot rate:                   130.77

Relative change:       -2.20%

High:                          133.25

Low:                           126.57

Trend:                         Bearish  

Support 1:                  119.66, daily pivot point support.

Support 2:                  106.1574, daily pivot point support.

Support 3:                   84.02, daily pivot point support.

Resistance 1:              155.30, daily pivot point resistance.

Resistance  2:              177.43, daily pivot point resistance.

Resistance  3:              190.94, daily pivot point resistance.

BCH/USD 4-hour chart

• BCH/USD slipped below key near-term support at the $150 price area.

“‹”‹”‹”‹”‹”‹”‹  

BCH/USD daily chart

• Bears crash through range-block, which had contained price since 25th December.