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

Key PointsBitcoin cash price is holding the $1500 support area, but it is struggling to move above $1680-1700 against the US Dollar.
There is a short-term contracting triangle forming with current resistance at $1680 on the hourly chart of BCH/USD (data feed from Kraken).
The pair has to move above the $1700 level and the 100 hourly simple moving average to gain momentum.Bitcoin cash price is finding it hard to overcome selling pressure near 100 SMA against the US Dollar. BCH/USD could trade in