Bitcoin Cash Technical Analysis: BCH/USD breaks vital near-term ascending trend line, which was since been retested and failed push back above, so bears will take advantage

• Bitcoin Cash was seen trading marginally within the red on Friday, after the weighted sell-off at the back-end of Thursday.
• BCH/USD has broken a key near-term trend line, which has been retested and is on the way back south for now.

BCH/USD 60-minute chart

Spot rate:                    788.6

Relative change:        -1.90%

High:                          812.6

Low:                            780.8

Trend:                         Neutral/Bearish

Support 1:                  788.5, today’s low & (support on 60-minute chart).

Support 2:                  772.2, today’s (Friday) low & (support on 60-minute chart).

Support 3:                  739.9, 21st July low.  

Resistance 1:              816.3, underneath broken trend line.

Resistance 2:             826.0, 50MA.

Resistance 3:             829.2, 100MA.