Bitcoin Cash technical analysis: BCH/USD  trading conditions are becoming very narrow, a breakout is nearing

• Bitcoin Cash price on Wednesday is trading in negative territory by 0.25%.
• BCH/USD price action has done little over the past two weeks, narrowing.  
• Price action is moving within a bearish flag structure, subject to downside risks.  

Spot rate:                   307.27

Relative change:       -0.50%

High:                          309.27

Low:                           304.58

BCH/USD daily chart

• The price is moving within a daily bearish flag formation, as it continues to consolidate.  

BCH/USD 60-minute chart

• Price action is narrowing within a triangular structure, a breakout is nearing.