Bitcoin Cash Technical Analysis: BCH/USD is on the highway to hell like many of its peers, no slowdown signs

• Bitcoin Cash price was seen down a heavy 7% in the latter stages of Monday’s session.
• BCH/USD continues to come under pressure, moving to lowest levels seen since November 2017.

BCH/USD daily chart

Spot rate:                    531.0

Relative change:        -7.53%

High:                           593.30

Low:                            526.0

Trend:                         Bearish.
 

Support 1:                  521.5, 8th November low prior to 2017 bull run.

Support 2:                  470.1, (support on daily chart).

Support 3:                  413.1, consolidation area at the end of Oct. 2017.

Resistance 1:              550.0, prior demand zone.

Resistance 2:             590.0, supply area.

Resistance 3:             609.5, (resistance on daily chart).