EOS Loses Momentum. What's Next???

EOS has lost nearly three percent in the past 24 hours. The currency pair continues its correction to the downtrend. However, bulls seem to have lack of opportunities to change the situation in their favor as the price is still within the Fibonacci retracement graphic tool.
Let’s see closer what is going on with EOS on the Hourly chart. The currency pair almost reached the “head” of Fibonacci retracement, but retreated from there and crossed 0.236 retracement level. It fluctuates close to the support area at $11.92 in the moment of writing. What are the possible ways for EOS/USD?
1. Red scenario (bearish). The currency pair will break through the current support area at $11.92 and move lower targeting 0.5 Fibonacci retracement level. Once reached and breached, this level will become the resistance and the price will fall further.
2. Orange scenario (neutral). The currency pair will jump off the current support area at $11.92 and move higher targeting 0.236 retracement level. There EOS/USD will reverse again aiming at $11.92.
3. Green scenario. The currency pair will move towards 0.236 retracement level and break it through. The next target is at 0 retracement level, which coincides with $12.80.

Check the full crypto analysis HERE>>>.