Bitcoin Cash technical analysis: BCH/USD major weekly zone remains at threat

• Bitcoin Cash price is trading in the red, with losses of 0.50% in the second half of the session.
• BCH/USD price action is moving within a bearish pennant via the weekly view.  
• The bulls managed to snap a five-day session run of losses.

BCH/USD weekly chart

A critical weekly zone can be seen running from $210 down to the $200 mark.  

BCH/USD daily chart

The psychological $200 mark remains at risk of being tested to the downside by the bears.

Spot rate:                 211.49

Relative change:       1.85%

High:                         214.43

Low:                           205.35