Bitcoin Cash is attempting to recover higher alongside the broader cryptocurrency market on Tuesday, after coming under minor downside pressure over the weekend.

Bitcoin Cash price analysis shows that a major short-term breakout could take place if buyers can hold the price above the $220.00 level. 

Bitcoin Cash medium-term price trend

Bitcoin Cash remains bearish over the medium term while the price trades below its key 200-day moving average, around the $270.00 level.

Bitcoin Cash technical analysis continues to show a large head-and-shoulders pattern that has yet to reach its full downside potential.

The neckline of the mentioned bullish pattern is located around the $300.00 level, and continues to imply a coming drop towards the $100.00 level.

Failure to rally the price above the $300.00 level over the medium term increases the chances that the bearish pattern will play out to its full downside potential.

To the downside, a breach of the $200.00 level should see the $180.00 level tested, with the $140.00 level the next major bearish target.

Bitcoin Cash short-term price trend

Bitcoin Cash technical analysis shows that the cryptocurrency is bullish over the short term while the price trades above the $250.00 level.

The four-hour time frame continues to show that the BCH/USD pair is working within a large triangle pattern.

A breakout above the $220.00 level would provoke a bullish breakout, which could propel the BCH/USD pair towards the $270.00 level.

Looking at the downside potential of the pattern, a break below the $175.00 level is currently needed to trigger a bearish breakout from the triangle. 

Bitcoin Cash technical summary

Bitcoin Cash technical analysis shows that a bullish breakout from a triangle pattern will occur if buyers can anchor the price above the $220.00 level. A move under the $200.00 could see the $175.00 level tested.