NEO, Ontology, and VeChain appear to be recovering quickly

Published on by Cryptoslate | Published on

Despite the massive sell-off, NEO was able to bounce off the 75 percent Fibonacci retracement level quickly.

A further increase in demand could take NEO to the 38.2 percent Fibonacci retracement level, at $10.86.

If this happens, NEO may surge for a one to four candlesticks or begin of a new bullish countdown.

NEO could plunge to the next support level at $7.80 or even lower to $6.70.Ontology.

Despite the bullish sentiment that China brought into this cryptocurrency, less than a month later it plummeted to the same level where it began surging.

Now, Ontology is showing several bullish signals on its 12-hour chart.

A series of support and resistance levels could help determine whether Ontology is bound for a bullish impulse.

Conversely, if the bullish signals previously mentioned are invalidated Ontology could continue the bearish trend.

A close below the 50 percent Fibonacci retracement level could jeopardize the bullish outlook.

At the moment, NEO, Ontology, and VeChain present bullish signals estimating that a bullish impulse is underway.

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