EOS/USD Follows Bearish Scenario. Any Sign of Reverse???

The currency pair still follows the downtrend as it is close to descending trend line. EOS has lost over than two percent in the past 24 hours. This downside tendency seems to slow down but sellers are still in controlling the market. The next midterm target for the sellers lies at $10.00 area.
Alternative Text: EOS/USD Hourly FIBO
Let’s have a closer look at what is going on the Hourly chart in the short term. The price is between 0.382 and 0.5 retracement levels. EOS/USD has almost reached 1 retracement level on Monday, but jumped off it, starting an upside correction. The possible scenarios for EOS are the following:
1. Red scenario (bearish). The currency pair will break through 0.5 retracement level and move lower targeting 0.618 and 0.786 retracement levels.
2. Orange scenario (neutral). The currency pair will rise towards 0.236 retracement level and reverse downwards there targeting 0.5 retracement level.
3. Green scenario (bullish correction). The currency pair will reach 0.236 retracement level and move higher towards the 0 retracement level, which coincides with $12.80.

Check the full crypto analysis HERE>>>.