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  • Bitcoin Cash  price in the second half of Monday is trading deep within negative territory, down over 4%.  
  • BCH/USD are firmly within control, after a big rejection and failure from the bulls with the $300-350 price area.  
  • The next area of support is seen deeper below at an ascending trend line, tracking around $150.  

 

Spot rate:                  237.89

Relative change:      -4.60%

High:                         249.64

Low:                          231.16

 

BCH/USD 60-minute chartimage.gif
  • BCH/USD price action continues to smash out from these bearish pennant structures, after a brief consolidation period.    

BCH/USD daily chart

  • Next major support eyed down at $150, where a key long-running ascending trend line is observed.