Bitcoin Cash technical analysis: BCH/USD extends further above the problematic barrier of resistance

• Bitcoin Cash price in the later part of Wednesday is trading firmly in the green, up with decent gains of 4.8%.
• BCH/USD has further extended north after a breakout earlier in the week from a bullish pennant pattern.
• The bulls managed to clear a stubborn area of resistance, which was seen from $365 up to $410.

Spot rate:                   0.4114

Relative change:       +4.81%

High:                          465.79

Low:                           419.77

BCH/USD 60-minute chart

• Price action extended to the upside after breaking out of a narrowing mundane 60-minute range.

BCH/USD daily chart

• The bulls are in firm control, after breaking above a key supply area, $365 – $410.