Bitcoin Cash Technical  Analysis: BCH/USD falters trying to break back through broken wedge, Bitcoin Cash developers working on privacy of transactions

• Bitcoin Cash price on Tuesday failed to break back through a broken descending wedge pattern. Trading down marginally by 0.5% well into the session.  
• BCH/USD had crashed out from a descending wedge on the 11th October, during the big wave of selling that rippled the market.  
• Devlopers are the Bitcoin foundation are reportedly working on a new project. This goes by the name of Coinshuffle. The community of Bitcoin Cash are said to have set up Tokenshuffle under this. Their goal is to make BCH transactions anonymous.  

BCH/USD 60-minute chart  

Spot rate:                   466.8

Relative change:       -0.50%

High:                          482.0

Low:                           466.6

Trend:                        Neutral/Bearish

Support 1:                 460.0, support on 60-minute chart.  

Support  2:                 428.0, demand zone.

Support  3:                 407.8, low area 19 September.  

Resistance  1:            475.9, underneath broken wedge & 50MA (60-minute).

Resistance  2:            499.2, upper part of wedge.

Resistance  3:            535.3, 8 October high.