Bitcoin Cash Price Technical Analysis – BCH/USD Grinding Lower

Key Points
Bitcoin cash price is slowly moving lower and is currently trading below $1300 against the US Dollar.
There is a new connecting bearish trend line forming with resistance at $1200 on the hourly chart of BCH/USD (data feed from Kraken).
The price has to overcome sell offers near $1200 and $1300 to make an upside move.
Bitcoin cash price is slowly moving down toward $1100 against the US Dollar. BCH/USD is facing two important resistances near $1200 and $1300.
Bitcoin Cash Price Decline