At the $0.003024 price level, Battle Infinity finds support for its bullish trend. And it was in the 22nd hour of the 2nd of November. Since then, the bulls continue to find new higher support. One in the 14th hour of the 3rd of November, the other in the second hour of today’s trading session which is $0.003186. That support level now forms the basis for the strong bullish trend that we see in today’s market.
Key Levels
- Resistance: $0.0035, $0.0036, $0.0037
- Support: $0.0028, $0.0027, $0.0026
IBAT/USD: The Indicators’ Outlook
The price had crossed above the Bollinger simple moving average on the 3rd of November. And although the bulls market encountered some resistance which send the price back to the downside, the new support level did not come below the simple moving average. This is a sign of a bullish trend. Since the second hour, the bulls market has been progressive. The upper band of the Bollinger follows the upward movement of the price. This means that the price of Battle Infinity may continue to trend upward.
Battle Infinity Short-Term Outlook: Bullish Recovery (15-minute chart)
The Bulls are again trying to secure another support level around the current price. They are trying to establish the support price at $0.0034. This is because, at the $0.0034 price level, bearish resistance is very strong. So the bulls and bears are engaged in the price control tug-of-war. As long as the price action remains above Bollinger’s simple moving average, the bullish trend will continue.
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