Bitcoin Cash Technical Analysis: BCH/USD must break back above a breached daily wedge structure

• Bitcoin Cash price on Wednesday is trading in the green, up with gains of around 2%, after an initial slow start to the day.  
• BCH/USD bears smash out from a rising wedge pattern formation, retest eyed.  
• The price is heading for a retest of the noted breached structure, a rejection could see further downside pressure.  

Spot rate:                  391.27

Relative change:       +2.20%

High:                         417.65

Low:                          378.93

BCH/USD 60-minute chart

• A near-term break above and retest of a 60-minute trend line, now acting as support.  

BCH/USD daily chart

• The price broke out of a rising daily wedge structure, the retest is currently in play.