Battle Infinity bull market is making progress. The bullish price is now near the $0.0021 price level. Although this progress is facing much resistance, it moves steadily in its upward way. Now, as the market reaches $0.0021, it needs to deal with the number of traders who are ready to sell at this price level.
Key Levels
- Resistance: $0.0027, $0.0028, $0.0029
- Support: $0.0020 $0.0019, $0.0018
IBAT/USD: The Indicators’ Outlook
The Moving Average Convergence and Divergence Indicator illustrates the progressive bull market well with its histograms and its two lines. The histograms are bullish, but they are not ascending, due to the immense contention between demand and supply. Also, the MACD line illustrates the bull market in an erratic upward movement.
Battle Infinity Short-Term Outlook: Bullish Recovery (15-minute chart)
The bullish price is now $0.002094. But before it attained this level, it was pegged for a while at $0.002089. The bulls keep winning despite the strong bearish resistance. Also In this timeframe, the volatility is reflected by the two lines of the MACD. The MACD line is more erratic in movement than the signal line (being the slow line). The bullish recovery will capture the $0.0021 price level, then the next target will be $0.0022.
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