Bitcoin Cash Technical Analysis: BCH/USD runs 6% higher, however upside capped by barrier ahead of $800

• Bitcoin Cash rallied over 6% during Monday’s afternoon session, however ran into resistance at the 61.8% Fibonacci.
• BCH/USD runs into chunky near-term barrier ahead of the psychological $800 mark.

BCH/USD 60-minute chart

Spot rate:                                    776.90

Relative change:               +5.33%

High:                                                   797.6

Low:                                                      721.2

Trend:                                                 Bullish

Resistance  1:                          797.6 today’s (Monday) high & 61.8% Fibonacci.

Resistance 2:                          800.0, entrance to supply zone.

Resistance 3:                           825.0, (resistance on 60-minute chart).

Support 1:                                  740.9, 38.2% Fibonacci & (support on 60-minute chart).

Support 2:                                    735.7, on top of broken bull flag pattern.

Support 3:                                    685.9, 27th June low.