ETH broke out yesterday for a few hours but now it is falling back towards recent support. ETH has retested the most recent support a few times now over the last few days. I think there might be another break out attempt within the next 3 days. Stoch RSI says that ETH is oversold. Ichimoku is showing a turn on the upside. I'm looking for the lagging span (purple line) to cross the base line (yellow) with volume for a breakout.
Three possible scenarios based on the information I have:
1. ETH retests the most recent support then breaks out.
2. ETH retests slightly lower support and then breaks out.
3. ETH fails to break out and drops towards much lower levels.
Three possible scenarios based on the information I have:
1. ETH retests the most recent support then breaks out.
2. ETH retests slightly lower support and then breaks out.
3. ETH fails to break out and drops towards much lower levels.
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