Bitcoin Cash Price Analysis: BCH/USD Recovery Facing Hurdles

Key PointsBitcoin cash price started a short term correction and moved above $420 against the US Dollar.
There is an ascending channel in place with support at $415 on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair recently tested the channel resistance and failed to break the $422-423 zone.Bitcoin cash price remains in a bearish zone below $430 against the US Dollar. BCH/USD may correct further higher, but it is likely to find resistance near $425-430.
Bitcoin Cash Price