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ETH/BTC trading in downtrend channel

COINBASE:ETHBTC   Ethereum / Bitcoin
Looks like ETH/BTC is trading in the channel shown in the chart. Expecting a bounce at 382 level and break out of the channel. Bullish or Bearish? Keeping an eye on BTC dominance chart to see if I correlate it with ETH/BTC chart. Stay tuned.
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