The Price of BCH/USD is Trending Downwards - What Is Next?

Hi everyone, Trading-Guru here with an analysis on Bitcoin Cash. I expect the price to keep dropping along with the parallel descending channel after the bearish signals of the strong rejections on the $280 resistance.

Furthermore, I think it's a good idea to try and short it until roughly $230 but not any lower than that. It seems that the support around that level might have a reversal for us in store, so we can pick it up after a take profit with a long position again.