Though Bitcoin Cash is trading inside a symmetrical triangle, the price has been hugging the support line for the past few days, which is a negative sign.
(https://i.imgur.com/vB9fAS6.png)
The moving averages are gradually sloping down and the RSI is in the negative territory. This shows that the bears have an upper hand.
A breakdown of the triangle will resume the downtrend and can plunge the BCH/USD pair to the next support at $300. Therefore, the traders can keep a stop loss of $400, just below the Sept. 11 intraday lows. The pair will turn bullish if the price breaks out of the triangle and sustains above it.
Cointelegraph (https://cointelegraph.com/news/bitcoin-ethereum-ripple-bitcoin-cash-eos-stellar-litecoin-cardano-monero-tron-price-analysis-october-24)