Bitcoin Cash Technical Analysis: BCH/USD jumps over 8%, as bulls capitalize on the technical set up

• Bitcoin Cash price has staged a chunky rebound, as bulls  capitalize  on Monday, jumping around 8%
• BCH/USD momentum continues to the upside, following the bullish hammer formation seen on the daily, Sunday.
• The coming sessions will prove how much substance is behind this recovery.  

BCH/USD daily chart  

Spot rate:                   192.80

Relative change:       -1%

High:                          205.92

Low:                           173.07

Trend:                         Bearish/Neutral

Support 1:                   170.39, 24 November low.

Support 2:                   146.0, 25 November low, formation of bullish hammer.

Support 3:                    100.0, psychological support.

Resistance 1:              211.2, daily resistance, 23 November high.

Resistance  2:              252.1, daily resistance.

Resistance  3:              286.7, supply area.