Bitcoin Cash Price Technical Analysis – BCH/USD to Trade Higher

Key PointsBitcoin cash price is recovering and is currently trading above $1,100 against the US Dollar.
There was a break above a major contracting triangle with resistance at $1,040 on the hourly chart of BCH/USD (data feed from Kraken).
The pair is now trading comfortably above the $1,100 level and the 100 hourly simple moving average.Bitcoin cash price has moved in the positive zone against the US Dollar. BCH/USD may continue to gain momentum above the $1,150 level in the near term.
Bitcoin C