Bitcoin Cash technical analysis: BCH/USD  vulnerabilities point to the downside given narrowing price behavior

• Bitcoin Cash price is nursing losses of over 3.5% towards the latter part of Tuesday’s session.
• BCH/USD daily price action is narrowing, the range high $405, the low at $360.
• Price action has been stuck within consolidation mode since the key ascending trend line of support was breached.  

Spot rate:                  380.33

Relative change:       +3.55%

High:                         398.04

Low:                          378.85

BCH/USD 60-minute chart

• A bearish penannt formation can be eyed via the 60-minute chart view or a triangular structure.  

BCH/USD daily chart

• A narrowing is observed for BCH/USD daily price action, as seen for the past seven sessions.