Bitcoin Coin Technical Analysis: BCH/USD bears take a deep breath after the heavy extended move south from the triangular pattern

• Bitcoin Cash was seen nursing losses of over 1.5%   on Wednesday, with further price softening still being seen across the board.  
• BCH/USD received some relief around the 21st July low and demand area, after the extended break south from triangular pattern.

BCH/USD 60-minute chart

Spot rate:                    764.6

Relative change:        -1.60%

High:                           778.6

Low:                            734.4

Trend:                         Bearish

Support 1:                  762.5, 50MA.

Support 2:                  755-60, consolidation area.  

Support 3:                  740.1, strong demand zone and 21st July low.

Resistance 1:             778.0, (resistance on 60-minute chart).  

Resistance 2:             780.5, supply zone.

Resistance 3:             783.3, 100MA.