Bitcoin Cash Price Analysis: BCH/USD Primed To Break $530

Key PointsBitcoin cash price is trading with a positive structure above the $510 support against the US Dollar.
There is an ascending channel in place with support at $520 on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair is likely to move higher above the $530 and $540 resistance levels in the near term.Bitcoin cash price is consolidating above $520 against the US Dollar. BCH/USD could accelerate higher once buyers clear the $530 resistance area.
Bitcoin Cash Price Analy