Bitcoin Cash Technical Analysis: BCH/USD danger still looms, within rising channel pattern

• Bitcoin Cash down a chunky 7% in the latter stages of trading on Tuesday.
• BCH/USD moving within an ascending channel pattern formation, subject to a breakout to the downside.  
• Key near-term support eyed at $250, the lower trend line of the rising channel pattern.  

BCH/USD 60-minute chart  

Spot rate:                  260.40

Relative change:       -7.05%

High:                          293.13

Low:                           203.00

Trend:                        Bearish

Support 1:                  250.0, lower trend line of channel.

Support  2:                  203.0, session low & 60-minute  support.  

Support  3:                  200.0,  psychological  support.

Resistance  1:             276.5, supply area.

Resistance  2:             294.3, upper part of channel.  

Resistance  3:             305.0, 60-minute resistance.