Bitcoin Cash Price Technical Analysis – BCH/USD to Gain Further?

Key PointsBitcoin cash price is slowly moving higher and is currently above the $1680 level against the US Dollar.
There is a new ascending channel forming with support at $1660 on the hourly chart of BCH/USD (data feed from Kraken).
The pair may continue to move higher since there are a lot of positive signs with a break above $1650.Bitcoin cash price is gaining upside momentum above $1650 against the US Dollar. BCH/USD is likely to gain further, but for that it has to settle above $1700.
Bitco