Bitcoin Cash has broken below the $1,000 levels after holding it for three days. The next support on the downside is the March 18 lows $884.7951.
If the BCH/USD pair breaks below this, it will retest the February 06 lows of $778.2021. Bears have the upper hand as they have not allowed the price to climb above the 20-day EMA since February 21.
We should turn positive only after the cryptocurrency breaks out of the 50-day SMA.