Bitcoin Cash Price Technical Analysis – BCH/USD Extends Correction

Key Points
Bitcoin cash price continued to correct lower and moved below the $1500 support against the US Dollar.
There is a major bearish trend line forming with resistance near $1480 on the hourly chart of BCH/USD (data feed from Kraken).
The price might extend its decline and it could even break the $1400 support in the near term.
Bitcoin cash price is moving lower towards $1400 against the US Dollar. BCH/USD might extend declines and remains at risk of more losses.
Bitcoin Cash Price Correct