Bitcoin Cash Price Technical Analysis – BCH/USD Fails Once Again

Key PointsBitcoin cash price started an upside recovery from $1494, but failed to gain momentum against the US Dollar.
There was a break above a connecting bearish trend line with resistance at $1600 on the hourly chart of BCH/USD (data feed from Kraken).
The pair traded higher, but failed to retain momentum and started a new downside move below $1600.Bitcoin cash price is struggling to gain momentum above $1650-1700 against the US Dollar. BCH/USD may resume its downtrend and it could even break