Bitcoin Cash Technical  Analysis: BCH/USD crashed down to lowest levels since October 2017, bears may not be stopping there

• Bitcoin Cash price beaten left, right and centre by the market bears in the session Wednesday, down over 4%.
• BCH/USD price managed to catch a bid after free-falling, supported by the lows seen at the back end of October 2017.

BCH/USD 60-minute chart  

Spot rate:                   421.0

Relative change:        -4.30%

High:                           439.9

Low:                            410.0

Trend:                         Bearish

Support 1:                  420.5, support on 60-minute chart.

Support    2:                 416.5, entrance to key near-term demand zone.

Support    3:                 410.0, double bottom area.

Resistance 1:              423.7, resistance on 60-minute chart.

Resistance 2:             431.2, supply area.

Resistance 3:             447.5, 50MA & 12 September high.