<em><strong>BCH prices exit the long-coming with the resistance trendline breakout teasing a 30% jump to the overhead resistance of $175.</strong></em>

The BCH prices fail to give a bullish breakout of an inverted head and shoulder, but the recent reversal breaks the resistance trendline and the $130 mark. Moreover, the intraday <a href="https://www.cryptoknowmics.com/news/why-trading-volume-matters-in-crypto-investment/" target="_blank" rel="noopener">trading volume</a> spike supports the possibility of an uptrend to the next overhead resistance of $175. Hence the breakout entry is a golden opportunity for BCH holders and sideline buyers.
<h3>Key Points:</h3>
<ul>
 	<li>The BCH price action displays a golden opportunity with the resistance trendline breakout.</li>
 	<li>The Breakout rally shows the potential to reach the overhead resistance of $175.</li>
 	<li>The intraday trading volume in Bitcoin Cash is $543 million.</li>
</ul>
<img class="alignnone" src="https://s3.tradingview.com/snapshots/v/V7g79uno.png" alt="BCH/USD Price Chart" width="1834" height="899" />

Source - <a href="https://www.tradingview.com/x/V7g79uno/" target="_blank" rel="nofollow noopener">TradingView</a>
<h2>BCH Technical Analysis</h2>
The BCH prices failed to exit the resistance trendline with an inverted head and shoulder resulting in a bearish turnaround on 26th August. However, the recent 17% recovery results in the bullish breakout of the resistance trendline and the $130 mark.

Moreover, the price action displays a triple white soldiers pattern forming with the spike in the intraday trading volume. Hence the uptrend possibility of exceeding the $150 mark increases significantly.

Therefore, the sideline buyers can grab onto this opportunity of a breakout trade to ride the upcoming bullish trend. Additionally, the uptrend shows potential to reach the next resistance level of the $175 mark accounting for a price jump of more than 30%.

However, if the BCH prices take a bearish turnaround, <a href="https://www.cryptoknowmics.com/news/why-is-it-important-for-traders-to-understand-crypto-reset-time/" target="_blank" rel="noopener">traders</a> can expect a retest of the broken trendline with a drop to $110.
<h2>Technical Indicators</h2>
The daily-RSI slope rises above the halfway line after bouncing from the 14-day SMA to start a diagonal uptrend in the nearly overbought zone.

The fast and slow lines show a bullish crossover in the daily chart resulting in a positive trend in the MACD histograms.

Hence the technical indicators display an improvement in the underlying sentiments reflecting increased demand for BCH.

Resistance Levels - $150 and $175

Support Levels - $110 and $100

BCH Technical Analysis: Golden Opportunity For BCH Holders

As per the technical analysis, BCH prices exit the long-coming with the resistance trendline breakout teasing a 30% jump to the overhead resistance of $175.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

BCH Technical Analysis: Golden Opportunity For BCH Holders

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