Bitcoin Cash Technical Analysis: BCH/USD well supported by ascending trend line, with steps towards greater BCH adoption

• Bitcoin Cash price trading down around 0.5% in the very latter stages of trading on Monday.
• BCH/USD price has been well-supported by an ascending trend line over the past few sessions, since 19th October.
• CoinText.io encouraging great adoption worldwide with their SMS BCH transfer service. Expanding their reach to Argentina, Turkey and Brazil.
• A big step towards further global adoption for BCH, as this continues to be a stumbling block for a number of cryptocurrencies.  

BCH/USD daily  chart  

Spot rate:                   453.5

Relative change:       -0.48%

High:                          456.4

Low:                           448.6

Trend:                        Bearish

Support 1:                  452.0, ascending trend line.

Support  2:                  451.3, 100MA (60-minute).

Support  3:                  448.6, demand zone.

Resistance  1:             454.9, shooting star doji candlestick.

Resistance  2:             456.7, 50MA (60-minute).

Resistance  3:             460.0, supply zone.