- Bitcoin Cash was seen trading down losses over 4.5% in the start of the week on Monday.
- BCH/USD bears managed to break a supporting trend line, with a secondary bit of support coming into play.
- Should the pressure remain to the downside, BCH/USD will be vulnerable to giving up $500 territory.
BCH/USD 60-minute chart
Spot rate: 545.4
Relative change: -4.55%
High: 576.8
Low: 535.0
Trend: Bearish
Support 1: 538.9, secondary ascending trend line.
Support 2: 515.0-500.0, support on 60-minute chart & demand area.
Support 3: 470.1, 14 August low.
Resistance 1: 554.3, 100MA.
Resistance 2: 557.6, 50MA.
Resistance 3: 565.6, underneath original breached ascending trend line.
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