Bitcoin Cash Price Analysis: BCH/USD bulls could have room for fast $500 return

• Bitcoin Cash price is trading in the green, with gains of 4.35% in the second half of the session.
• BCH/USD bulls have successfully broken down supply, $360-380 range.
• A break into $400 should provide a decent platform for a fast return into $500. 

BCH/USD weekly chart

The bulls are edging ever closer to full fill of the wick produced last week. 

BCH/USD daily chart

BCH/USD has been on the run higher for five consecutive sessions, following a breakout of a bullish flag structure. 

Spot rate:                395.56     

Relative change:     +4.35%

High:                         397.86

Low:                          370.02