Bitcoin Cash Technical Analysis: BCH/USD will the gate of $400 open for fast move to the deep south?

• Bitcoin Cash price drops over 6% in the session on Monday, one of the notable under-performers on the day.  
• BCH/USD testing a vital near-term demand zone to the downside.
• Should the bears breach $400 territory, this could open up the gates to further heavy selling pressure.  
• Price trading at lowest levels since 19th September, with large pick up in trading volumes seen.  

BCH/USD daily  chart  

Spot rate:                   415.8

Relative change:       -6.03%

High:                          443.2

Low:                           438.0

Trend:                        Bearish

Support 1:                  408.7, 19th September low.  

Support  2:                  405.0, demand zone.

Support  3:                  400.0, psychological  support.

Resistance:                444.5, daily R1.

Resistance:                446.5, daily R2.

Resistance:                449.7, daily R3.