Bitcoin Cash Technical Analysis: BCH/USD breaks out of triangular pattern, sellers forcing their way through, retest underneath and continued selling eyed

• Bitcoin Cash drops over 5% on Tuesday, as mass selling across the crypto market is observed.
• BCH/USD breaks out to the downside from a triangular pattern seen on the 60-minute chart.

BCH/USD 60-minute chart

Spot rate:                    775.2

Relative change:        -4.83%

High:                           814.9

Low:                            760.0

Trend:                         Bearish

Support 1:                 760.0 today’s (Tuesday) &  (support on 60-minute chart).  

Support 2:                 750.5, demand zone.

Support 3:                  740.2, 21st July.

Resistance 1:            780.0, supply zone.

Resistance 2:            786.2, underneath triangular pattern.

Resistance 3:            810.0, 50MA.