Ripple has reached the resistance area at $0.6216, which coincides with 1.618 retracement level. There were several tests, but bulls were unable to cross this line. The price jumped off $0.6216 again and moves towards the closest support area at $0.5914 in the moment of writing. What are the possible ways for ETH/USD?
1. Red scenario (bearish). Ripple will reach the closest support area at $0.5914 and cross it targeting the next support at 2.618 retracement level.
2. Orange scenario (neutral). The currency pair will jump off the closest support area at $0.5914 and mover higher towards 1.618 retracement level, which coincides with $0.6216 resistance area. There, the price will reverse again to run lower (meaning flat channel trading).
3. Green scenario (bullish). The currency pair will reach the closest support area at $0.5914 (or start from the current levels) and then will reverse upwards targeting $0.6216 and the next resistance area at $0.6515.
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