Bitcoin Cash Likely Setting Up For Crucial Upside Break

Bitcoin cash price is up around 10% from the $200 support area against the US Dollar.
The price is currently consolidating gains and it seems to be setting up for more gains above $225.
There is a short term declining channel forming with resistance near $222 on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair is likely to surge towards $250 once it clears the $225 resistance area.Bitcoin cash price is showing positive signs above the $215 level against the US Dollar. BCH/