Bitcoin Cash Technical  Analysis: BCH/USD suffering after the big descending trend line rejection, causing serious nightmares

• Bitcoin Cash price seen down as much as 3% in the latter stages of trading on Thursday.  
• BCH/USD continues to fail finding footing, after the big rejection at the descending trend line running from May 2018.

BCH/USD daily chart  

Spot rate:                    512.60

Relative change:        -2.67%

High:                           529.60

Low:                            485.00

Trend:                         Bearish

Support 1:                   473.80, 14 August low.

Support    2:                  412.80,  key daily support.

Support    3:                  288.20, October lows.

Resistance 1:              636.10, 50MA & descending trend line.

Resistance 2:             745.60, 100MA & 38.2% Fibonacci.

Resistance 3:             855.00, resistance on daily chart & 50% Fibonacci.