Bitcoin Cash technical analysis: BCH/USD pennant breakout and retest

• Bitcoin Cash  price is trading in the red, nursing losses of around 1.9% in the second half of Tuesday.  
• BCH/USD has broken out and retested a pennant pattern, currently sitting on top of the formation.  
• The price is moving within consolidation mode, pending a potential committed move north.  

Spot rate:               436.14

Relative change:   -0.50%

High:                       444.95

Low:                        426.21

BCH/USD 60-minute chart

• Near-term price action has formed a bullish pennant pattern formation, subject to a potential breakout high.  

BCH/USD daily chart

• Price action remains elevated after a breakout above a pennant structure, the retest has also be observed.