Bitcoin Cash Price Technical Analysis – BCH/USD Trims Recent Gains

Key PointsBitcoin cash price after trading as high as $2948 started a new downside wave against the US Dollar.
There was a break below a short-term bullish trend line with support at $2560 on the hourly chart of BCH/USD (data feed from Kraken).
The pair is now back in the bearish zone below $2600 and the 100 hourly simple moving average.Bitcoin cash price reversed all its gains from the $2950 high against the US Dollar. BCH/USD is now below $2600 and is showing a few bearish signs.
Bitcoin Cash