Battle Infinity began its upside journey in the 4th hour of today’s trading session. It started trending upward after the price established its support at $0.002819. Despite the bearish resistance, the bulls pushed through to new price levels. Along the line in the market, we saw some spike in the bullish market.
Key Levels
- Resistance: $0.0033, $0.0034, $0.0035
- Support: $0.0028, $0.0027, $0.0026
IBAT/USD: The Indicators’ Outlook
The buying pressure was strong in the 8th hour and the 9th hour. However, in the 8th and 9th hour, when we look at the RSI indicator, we will notice a bearish divergence for that session. The strength of the buyers is weakening as they approach the $0.003057 price level. However, the buyers are determined; their resilience resulted in gridlock at the $0.003057 price level. The current price is now at 0.002923. This price level is becoming the new support for the market. Bulls are trying to re-attempt the difficult price level.
IBAT/USD Short-Term Outlook: Bullish Recovery (15-minute chart)
The buyers are re-attempting the difficult price level. From their new support level, they charge at the $0.00300 price level. In the Moving Average Convergence and Divergence, the negative histograms are reducing rapidly. The RSI line is recovering from the oversold region. When we consider all these indications, we can conclude that IBAT bulls will break the 0.0030 price level in today’s session.
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