Bitcoin Cash Price Analysis: BCH/USD Primed To Test $100

Key PointsBitcoin cash price is under a lot of pressure after it broke the $150 support against the US Dollar.
There is a major declining channel formed with resistance near $135 on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair is currently trading near $125 and it may slide further towards the $100 level in the near term.Bitcoin cash price registered heavy losses from the $200 swing high against the US Dollar. BCH/USD could continue to move down towards the $100 level.