Bitcoin Cash Price Technical Analysis – Can BCH/USD Break 100 SMA?

Key Points
Bitcoin cash price is in a correction mode and holding the $1100 support against the US Dollar.
There is a major bearish trend line forming with resistance at $1200 on the hourly chart of BCH/USD (data feed from Kraken).
The price has to move above $1200 and the 100 hourly simple moving average to gain traction.
Bitcoin cash price is holding an important support near $1100 against the US Dollar. BCH/USD needs to move past $1200 and 100 hourly SMA for further gains.
Bitcoin Cash Price