Bitcoin Cash Price Analysis: BCH/USD Gaining Upside Momentum

Key PointsBitcoin cash price is gaining pace and it broke the $1,150 resistance against the US Dollar.
There is a connecting bullish trend line forming with support near $1,120 on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair may continue to trade high as long as it is above $1,120 and the 100 hourly simple moving average.Bitcoin cash price is slowly moving higher above $1,120 against the US Dollar. BCH/USD could accelerate gains towards the $1,200 level in the near term