Bitcoin Cash Price Analysis: Can BCH/USD Hold 100 SMA?

Key PointsBitcoin cash price started a downside correction from $1,200 and declined below $1,100 against the US Dollar.
There was a break below a major bullish trend line with support at $1,140 on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair has to stay above the $1,070 level and the 100 hourly simple moving average to avoid more losses.Bitcoin cash price trimmed most of its gains against the US Dollar. BCH/USD is now below $1,140 and is struggling to hold the 100 hourl