Bitcoin Cash Price Technical Analysis – Can BCH/USD Break $800?

Key PointsBitcoin cash price extended gains and tested the $800 resistance area against the US Dollar.
There is a major contracting triangle forming with support near $775 on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair may correct a few points in the near term, but it remains supported above $740.Bitcoin cash price is placed nicely in a bullish trend above $740 against the US Dollar. BCH/USD must clear the $800 hurdle for more gains in the near term.
Bitcoin Cash Price