Bitcoin Cash Technical Analysis: BCH/USD key near-term break higher and retest complete, pathway clear for more upside

• Bitcoin Cash seen up a healthy 1.7% in the latter stages of trading on Monday.
• BCH/USD breaks above 10 day descending trend line, retests, providing room for further move north with the bulls.  

BCH/USD 60-minute chart

Spot rate:                    533.0

Relative change:        +1.69%

High:                           534.7

Low:                            520.0

Trend:                         Bullish

Resistance 1:              533.5,  resistance on 60-minute chart.

Resistance 2:             539.5, supply zone.

Resistance 3:             546.0,    25th August high and 38.2% Fibonacci.

Support 1:                   530.0, 23.6% Fibonacci.

Support    2:                  519.4, demand area.

Support    3:                  513.0, bottom area 23-24 August.