Bitcoin Cash technical analysis: BCH/USD fails to firmly progress through $1000 territory, due to lingering strong sell zone

• Bitcoin Cash has once again been plagued by the strong supply zone, within the early $1000 territory.
• Ascending trend line keeps BCH/USD well-supported in its mission to maintain bullish momentum.
• The price has not been above the mentioned sell zone since 26th May.

BCH/USD 30-minute chart

Spot rate:                                     1,007.60

Relative change:               +2.55%                    

High:                                                     1,030.00

Low:                                                       980.60

Trend:                                                 Bullish/Neutral

Support 1:                1,000.00, ascending trend line support.

Support 2:                992, in proximity to both 50 & 100MAs.

Support 3:               962, 29th May low.

Resistance 1:         1,030.00, supply zone & today’s (Thursday) high.

Resistance 2:         1,040.00, (resistance on 30-minute chart).

Resistance 3:         1,080.00, 25th May high.