If this does happen, it looks like we may see some resistance at the 30c mark, roughly half way up the downtrend. We could see a slight retracement here before potentially breaking this resistance line and heading for 33c, another major area. If we are in a bull run, the price may consolidate here for a little while before continuing up. This could be a good spot to pick up some more bags, or secure some profits for short term traders. For this to happen I would like to see the confirm above the blue line (around 60). If it can do this I will be very on 0x. Since opening on Poloniex, it has failed to sit above this area for a decent amount of time
If we are to break to the down side of this current consolidation period, then we will reassess. I'm in as a long term investment so I will be looking to pick up more bags if this does occur.