Battle Infinity market is trending upward although bears have recovered some of the price level acquired by the bulls in the previous market move. But, the bulls are not yielding ground to the bears. The bulls still have the upper hand. Presently, the price action is trying to take new support at $0.002982 for a more bullish performance.
Key Levels
- Resistance: $0.0035, $0.0040, $0.0045
- Support: $0.0025, $0.0020, $0.0019
IBAT/USD: The Indicators’ Outlook
The RSI line has dropped down into the oversold territory. This indicates the end of the price pullback. From here it is expected that the bullish trend will resume. In yesterday’s market (in the third hour of the day) the price rose sharply. Then the momentum reduces and then it fell sharply. The negative histograms of the MACD fell far below the negative zone. But, the two lines are still above level zero.
Battle Infinity Short-Term Outlook: Bullish Recovery (15-minute chart)
The MACD line is now touching the edge of the zero level in the indicator. Looking at the height of the negative histograms, we can see that they are reducing as the market progresses in this timeframe. The price of Battle Infinity should attain around $0.0040 in this next bullish.
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