EOS/USD In Correction! Reverse on the Way???

The currency pair added more than nine percent in the past 24 hours. EOS/USD has started a correction to the downtrend and it seems like bulls are able to develop it. However, this is still a correction as EOS/USD needs to leave Fibo at least to point at a full reverse.
Let’s see what’s happening on the Hourly chart within Fibonacci retracement. The currency pair reached 0.236 retracement level on Tuesday and retested it on Wednesday. However, sellers still hold their lines and prevent buyers from moving EOS/USD higher. This situation looks clear in the moment of writing and we see the following ways for EOS in the nearest future:
1. Red scenario (bearish). The currency pair will break through 0.236 retracement level targeting 0.382 retracement level, which coincides with $11.92. Once this level is broken out successfully, sellers will be able to move EOS/USD even lower.
2. Orange scenario (neutral). The currency pair will reach 0 retracement level, which coincides with $12.81 resistance area and reverse downwards targeting 0.236 retracement level.
3. Green scenario (bullish). The currency pair will reach 0 retracement level, cross it and move higher targeting the next resistance area at $13.45.

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