Bitcoin Cash technical analysis: BCH/USD bears smash out of rising wedge structure

• Bitcoin Cash  price in the session on Friday is trading firmly in the red, down some 6.0%.
• BCH/USD bears force price out from a rising wedge structure, allowing for a bout of selling pressure.  
• Potential head and shoulders pattern eyed via the daily chart view.  

Spot rate:                  313.65

Relative change:       -3.50%

High:                          334.26

Low:                           307.27

BCH/USD daily chart

• Price action has broken out from a rising wedge structure, allowing a fresh wave of selling pressure.

BCH/USD 60-minute chart

• The bears breached a pennant structure via the 60-minute chart view.