Bitcoin Cash Technical  Analysis: BCH/USD moving within an ascending wedge pattern, subject to near-term breakout lower

• Bitcoin Cash nursing losses just shy of 1% in the latter stages of Thursday’s session.
• BCH/USD near-term price action has formed an ascending wedge pattern, subject to a potential breach by the bears.

BCH/USD 60-minute chart  

Spot rate:                 426.4    

Relative change:        -0.89%

High:                           449.9

Low:                            423.3

Trend:                         Bearish

Support 3:                   409.5, demand zone.

Resistance  1:              442.0, supply zone.

Resistance  2:              450.0, 18 & 20 September high.

Resistance  3:             453.2, upper trend line of ascending wedge.