Bitcoin Cash technical analysis: BCH/USD $300 given up with $250 now a possible target for bears

• Bitcoin Cash price on Wednesday is trading in negative territory by 7%.
• BCH/USD is extending to the downside following a bearish flag structure breach.
• The next major zone of support is eyed down at the $250 price territory.

Spot rate:                   291.10

Relative change:       -7.70%

High:                          316.14

Low:                           289.77

BCH/USD daily chart

• The next major daily area of support is eyed down at $250, last traded here on 16th July.  

BCH/USD 60-minute chart

• Bears are hunting for a wick fill of the 15th August spike to the downside.