Bitcoin Cash Price Analysis: BCH/USD Zooming Higher

Key PointsBitcoin cash price started a nice upside move and traded above the $1,100 resistance against the US Dollar.
There is a key ascending channel formed with support at $1,170 on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair may correct a few points in the short term before it makes another upside move towards $1,220.Bitcoin cash price is trading nicely above $1,100 against the US Dollar. BCH/USD remains in an uptrend and it could eye an upside break above $1,200 in