Bitcoin Cash Technical  Analysis: BCH/USD price breaks out of ascending channel, bears pile in

• Bitcoin Cash lost large upside momentum in the latter stages of trading on Monday, after starting up as much as 5%.
• BCH/USD bears broke through an ascending channel pattern, seen on the 30-minute chart view.  

BCH/USD 30-minute chart

Spot rate:                    787.7.

Relative change:         +0.45%

High:                           837.0

Low:                            781.2

Trend:                        Neutral/Bearish

Support 1:                  784.6, (support on 30-minute chart).

Support 2:                  772.30, 20th July low.  

Support 3:                  762.0, demand zone.  

Resistance  1:             796.9, underneath breached channel.

Resistance 2:             801.0, 100MA.

Resistance 3:             809.3,50MA & supply zone.