Bitcoin Cash Price Analysis: BCH/USD bulls making the critical challenge of last week’s high area

• Bitcoin Cash price is trading in the green, with gains of 2.85% in the second half of the session.
• BCH/USD has broken above daily resistance seen at $325, prior acting support. m
• The bulls are gunning for a retest of the high area seen last week. 

BCH/USD weekly chart

Bulls are hunting for a candlewick fill from the week of 17 January. Eyes would then be on the $500 price mark. 

BCH/USD daily chart

The price via the daily is extending to the north, running at two sessions in the green. Price action broke out of a flag formation. 

Spot rate:                 368.09

Relative change:     +6.00%

High:                         376.99  

Low:                          347.08