Bitcoin Cash technical analysis: BCH/USD vulnerabilities remain tilted to the downside

• Bitcoin Cash price on Monday is trading in minor positive territory by 1.30%.
• BCH/USD price remains vulnerable as it consolidates underneath a bearish flag structure.  
• Price action is stuck within another daily bearish pennant structure, subject to downside risks.

Spot rate:                   309.49

Relative change:       +1.20%

High:                          315.46

Low:                           305.16

BCH/USD daily chart

• Daily price action is very much narrowing and consolidating underneath a breached flag structure.  

BCH/USD 60-minute chart

• Upside is capped by a descending trend line tracking around $311, decent demand is protecting the $300 price mark.