Bitcoin Cash Technical Analysis: BCH/USD has big rejection and fail to break back through breached key trend line

• Bitcoin Cash price was seen down by a marginal 0.6% on Friday, inline with a cooling seen across the board.
• BCH/USD failed once again to break back above the trend line in which it breached on 30th August.

BCH/USD 60-minute chart

Spot rate:                    535.5

Relative change:        -0.60%

High:                           543.9

Low:                            533.4

Trend:                         Bearish

Support 1:                   527.0,  support on 60-minute chart.

Support    2:                  515.0, bottom area 23rd August and 26th August low.

Support    3:                  509.0, double bottom area 21 & 23rd August.

Resistance 1:              541.6. 50MA.  

Resistance 2:             544.4, below ascending trend line.  

Resistance 3:             546.0, 100MA