Bitcoin Cash Technical  Analysis: BCH/USD eruption higher was initially seen and now downside retest of breached bullish pennant pattern observed

• Bitcoin Cash seen down just shy of 3% in the session on Tuesday, losing recent upside momentum.  
• Price has slipped out to the downside from a near-term supporting ascending trend line.  
• BCH/USD had broken out from a bullish pennant pattern, is now observing the potential retest, as price pulls back.  

BCH/USD 4-hour chart  

Spot rate:                   517.1

Relative change:       -2.80%

High:                          532.1

Low:                           516.4

Trend:                        Bearish

Support 1:                 510.0, on top of broken pennant.  

Support  2:                 508.0,lower supporting trend line & demand area.

Support  3:                 424.0, 25th September low, prior to big bull run.  

Resistance  1:            536.0, 8 October high area.  

Resistance  2:            552.0, resistance on 4-hour chart.

Resistance  3:            580.0, heavy supply area.