The Price of Battle Infinity reached the support level of $0.004569 towards the end of Yesterday’s closing session before the price started to come down. As today’s session opened, it opened in favour of bears. They took the market until about 7 o clock a.m. when bulls began to regain ground in the market. Bears’ victory is only a temporary one as we are beginning to see bullish activities in the market
Key Levels
Resistance: $0.004200, $0.004300, $0.004400
Support: $0.004000, $0.003862, $0.003711
IBAT/USD: The Indicators’ Outlook
In the 7th, 9th, 12th and 14th hours, we see how buyers made effort to take control of the market. Moving Average Convergence and Divergence indicator and the Relative Strength Index reflected these bullish activities in the market. The negative histogram in the MACD is reducing in height to indicate the recovery of the market to the upside as the RSI line measures a market strength of 34%.
Battle Infinity Short-Term Trend: Bullish Recovery (15-minute chart)
In a micro view of the market, we can see resilience on the part of bulls to regain ground in the market. The MACD histogram has switched from the negative side to the positive side. And the two lines of the MACD are trying to retrace upward levels. In the relative strength index, the RSI line has found a measurement of around 39%. This is the time for investors to come into the market to buy cheaper and hold for a future profitable return.
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