Follow the trend
Breaking the trend line will confirm a drop to the down side.
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Whilst I am leaning towards the bearish side with current price action, i'd like to bring attention to the channel still holds true from a previous idea: 
Note
looks like we broke through the 8800 resistance. Maybe this will turn bullish? At present time I am 50:50.
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Alt coin season is back on if we get back in the channel imoNote
We can see that, that line of support was never crossed, turned out to be very important in the grand scheme of things!
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