Bitcoin Cash Price Analysis: BCH/USD Facing Crucial Resistance

Key PointsBitcoin cash price continues to struggle to break the $1,040 resistance against the US Dollar.
There is a major bearish trend line forming with resistance near $1,020 on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair has to move above the $1,020 and $1,040 resistance levels to gain further in the near term.Bitcoin cash price is consolidating below $1,040 against the US Dollar. BCH/USD must gather momentum above $1,040 to accelerate gains.
Bitcoin Cash Price Resi