Bitcoin Cash Technical  Analysis: BCH/USD breaks vital support, as bears look to cause catastrophic damage

• Bitcoin Cash price on Monday took further damage as bears bite again, down over 3%.
• BCH/USD has breached key support level seen at 14th August low $473.8.

BCH/USD daily chart

Spot rate:                    463.3

Relative change:        -3.55%

High:                           488.7

Low:                            463.3

Trend:                         Bearish

Support 1:                   473.8, 14 August low.

Support    2:                  412.0, support on daily chart.

Support    3:                  288.2,  demand zone.

Resistance 1:             546.5, resistance on daily chart.

Resistance 2:             591.4, descending trend line.

Resistance 3:             659.8, 2 September high.