Battle Infinity had a very aggressive bullish trading session between yesterday and today. However, as the price approached the $0.0025 supply zone, the sellers take control and the bullish price was rejected. A lot of traders took their profits at this price level and consequently, two major support levels were broken. However, the buyers were still able to secure a bullish position in the market as they establish a support level at $0.002358.
Key Levels
- Resistance: $0.0027, $0.0028, $0.0029
- Support: $0.0022 $0.0021, $0.0020
IBAT/USD: The Indicators’ Outlook
The Bollinger band still holds an up-trending market sentiment. This is because of the quick response from the demand zone. However, there is more for the buyers to do to salvage the bull market. They need to get the price back above the moving average so that the bullish sentiment that the Bollinger indicator still holds will not change. The establishment of a support price level at $0.002358 was just the first step toward price recovery.
Battle Infinity Short-Term Outlook: Bullish Recovery (15-minute chart)
Also from this standpoint, the MACD indicator still holds a positive position on the bullish recovery sentiment. From the negative histograms, we see signs of bullish activities. And the MACD lines are recoiling as they respond to the new direction of the market. By the next session, the price should be back at the $0.0025 resistance level.
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