Bitcoin Cash Technical Analysis: BCH/USD falling price caught by supporting ascending trend line as $800 comes under threat, however swing to the upside looks likely near-term

• Bitcoin Cash price was an under performer on Monday down over 3%, with the depressed prices across the market.  
• BCH/USD falling price saved by an ascending trend line, running from 21st July.  
• The selling pressure looked somewhat exhausted, as the RSI touch oversold territory, a bounce is seen.  

BCH/USD 30-minute chart

Spot rate:                    805.8

Relative change:        -3.01%

High:                           835.3

Low:                            799.2
 

Trend:                         Bearish

Support 1:                  799.2, ascending trend line & today’s (Monday) low.  

Support 2:                  787.0, demand zone entrance.  

Support 3:                  780.7, 27th July low.  

Resistance 1:             822.1, 50MA & 100MA.

Resistance 2:             835.9,  (resistance on 30-minute chart).  

Resistance 3:             842.7,    consolidation area &  29th July high.