Bitcoin Cash Technical  Analysis: BCH/USD retraced last week’s chunky sell-off, but met there again with fresh sellers

• Bitcoin Cash price seen up around 5% through the mid-point of Monday’s session.
• BCH/USD bulls made a chunky advance to recover last week’s sell-off. After the match was made, the sellers pilled back in.  
• Closely followed Bitcoin Developler, Jimmy Song, said Bitcoin Cash has lost its value and doesn’t have any reason to exist.  

BCH/USD 60-minute chart  

Spot rate:                   473.3

Relative change:        +5.50%

High:                          524.8

Low:                           435.5

Trend:                        Bullish

Resistance  1:            480.0, choppy supply.  

Resistance  2:            520.0, supply zone, pre-11 Oct fall levels.

Resistance  3:            535.5, 8 October high.  

Support 1:                 471.4,  support on 60-minute chart.

Support  2:                 456.2, 50 & 100MAs.    

Support  3:                 435.0, demand area.