Bitcoin Cash Technical Analysis: BCH/USD price broke out of bear flag pattern, oh dear here come the bears again

Bitcoin Cash nursing some chunky losses on Tuesday, just shy of double digits over 9.5%.
BCH/USD price breaks out of a bearish flag formation, inviting further selling.

BCH/USD daily chart

Spot rate:Â Â Â Â Â Â Â Â Â Â 479.0

Relative change:Â Â Â Â -9.70%

High:Â Â Â Â Â Â Â Â Â Â Â Â Â 531.6

Low:Â Â Â Â Â Â Â Â Â Â Â Â Â Â 471.1

Trend:Â Â Â Â Â Â Â Â Â Â Â Â Bearish.
Â

Support 1:Â Â Â Â Â Â Â Â Â 475.0, (support on 30-minute chart).Â

Support 2:Â Â Â Â Â Â Â Â Â 471.1, todayâ€™s (Tuesday) low.Â

Support 3:Â Â Â Â Â Â Â Â Â 412.8, consolidation area November, prior to 2017 bull run.

Resistance 1:Â Â Â Â Â Â Â 484.3, underneath bearish flag.

Resistance 2:Â Â Â Â Â Â 498.9, upper part within bearish flag.

Resistance 3:Â Â Â Â Â Â 510.0, 50MA.Â