Bitcoin Cash Price Analysis: BCH/USD Formed Double Bottom Near $400

Key PointsBitcoin cash price dipped sharply and retested the $410 support area against the US Dollar.
There was a break above a connecting bearish trend line with resistance at $415 on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair could correct lower towards $418 or $415 before it can recover further in the near term.Bitcoin cash price dipped and then recovery quickly above $420 against the US Dollar. BCH/USD could trade towards the $430 or $440 resistance in the short t