Bitcoin Cash Technical Analysis: BCH/USD must breakdown $400 to unlock greater gains

• Bitcoin Cash price on Tuesday is under-performing trading down just shy of 3%.  
• BCH/USD bulls are having trouble breaking down supply between $300-400.  
• Should the bulls manage to breakdown the above noted, then eyes will be on a return to pre-November fall levels $600-700.  

Spot rate:                   300.47

Relative change:       -2.85%

High:                          309.78

Low:                           292.83

BCH/USD 60-minute chart

• Price action is ranging via the 60-minute chart view within a range-block formation.  

BCH/USD daily chart

• There is much supply seen via the daily heading into the $400 price territory, proving to be a top.