BCH making bullish strong candle after breaking the triangle pat

KRAKEN:BCHUSD   Bitcoin Cash / U.S. Dollar
Bitcoin cash (BCH) gave a positive breakout after breaching its 20-Day Moving Averages of $430. After a sharp correction from the higher level of $630 formed a descending triangle pattern and slipped below the 20-Day Moving Averages (DMA). However, it successfully holds the major moving averages of $100 and 200-DMA. Support on the chart is situated at $375 and $340. Meanwhile, on the higher side, the resistance is placed at $480 and $540. Likewise, the strong hurdle is at $630, which can be acting in upcoming trading sessions. The levels can be expected after clearing the resistances are $750 and $880 positions.

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