Bitcoin Cash Technical Analysis: BCH/USD moving within a short-term descending channel, breakout imminent, should demand zone $820-830 continue to support the price

• Bitcoin Cash price seen down on Monday by 0.70%, as crypto prices across the board remain stagnant.
• Descending channel pattern can be seen on the 30-minute chart view.
• Supporting demand zone seen tracking from $820-830 for BCH/USD.

BCH/USD 30-minute chart

Spot rate:                                     840.80

Relative change:               – 0.70%

High:                                                   847.50

Low:                                                       820.10

Trend:                                                 Bearish

Support 1:                                  827.10, 16th May low.

Support 2:                                    820.00, demand area & lower part of channel.

Support 3:                                    801.00, 13th June low.

Resistance 1:                           843.00, upper part of descending channel.

Resistance 2:                           846.00,100MA.

Resistance 3:                           861.60, (resistance on 30-minute chart).