Bitcoin Cash Technical Analysis: BCH/USD is confined within a box set to potentially be thrown off the cliff

• Bitcoin Cash price is trading within the red, down some 0.9% on Friday.
• BCH/USD moving within a narrowing range, an consolidation box, subject a sharp move lower, if the bulls do not respond.
• Vital near-term support should be noted at $191 area, a break lower would be punishing.

BCH/USD 60-minute chart  

Spot rate:                   203.2

Relative change:       -1.70%

High:                          207.5

Low:                           191.13

Trend:                         Bearish

Support 1:                   195.0, 60-minute support.

Support 2:                   114.40,  daily pivot point support.

Support 3:                    191.1, lower part of range block.

Resistance 1:              210.0, 60-minute resistance.

Resistance  2:              218.5,  60-minute resistance.

Resistance  3:              270.0, supply area.

BCH/USD weekly chart

• Price running at second consecutive week in the red with deep losses, lack of slowdown signs.