Bulls in the Battle Infinity market are gathering momentum around the $0.0017 level; they are ready to stand against the strong pressure from the supply zone. Bulls have successfully restored the price from below the $0.0017 price level, and they are securing a position for the bullish price above it. The price action of the market now moves within the price channel of $0.001685 and $0,001733
Key Levels
- Resistance: $0.0022, $0.0021, $0.0020
- Support: $0.0016, $0.0015 $0.0014
IBAT/USD: The Indicators’ Outlook
The strong response from buyers of Battle Infinity is being met with strong opposition from sellers. The bear market is still aggressive. As a result of this, the price channel is becoming narrower as the forces of demand catch up with the forces of supply. The lower band of the Bollinger indicator is beginning to change direction from sideways horizontal movement to upward movement.
Battle Infinity Short-Term Outlook: Bullish Recovery (15-minute chart)
The movement of the Bollinger bands indicator changed from a downward movement to a sideways movement when the buyers were able to push the price above the 20-day moving average, which is also above the $0.0017 level. The demand line now seeks to establish a support level above the 20-day moving average to form the basis for breaking the $0.001720 resistance level. The bull market targets the $0.0018 level.
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