Bitcoin Cash technical analysis: BCH/USD falter at a critical area of resistance

• Bitcoin Cash price on Monday is trading in minor positive territory with minor gains of over 0.55%.
• BCH/USD bulls are struggling with heavy supply around $450 price area.
• Price action via the daily chart view is supported by a long-running ascending trend line.

Spot rate:                  429.11

Relative change:       +0.55%

High:                          439.55

Low:                           425.11

BCH/USD 60-minute chart

• The price near-term is being comforted by an ascending trend line of support via the 60-minute.

BCH/USD daily chart

• The bulls continue to have much difficulty breaking down supply around $450 territory.