Battle Infinity‘s price faced rejection at around the $0.00212 level in the early hours of today. However, the bear market hits a brick wall at around $0.002. And from this support level, the market is ready to rally up. The latest candle on the chart suggests that the bear market is losing momentum and the market is ready to give way to a bullish run.
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 portrays a bullish recovery even though, due to the vigour of the bear market, the MACD line has gone far below the zero level. The negative histograms are now appearing in faded red. This is an indication of bullish activities.
Battle Infinity Short-Term Outlook: Bullish Recovery (15-minute chart)
When we take a look at the market from the 15-minute point of view, we can see that the buyers are gathering momentum. For the MACD indicator, we now have a bullish crossover of the lines below level zero. And the lines are now moving in an upward direction. Also, as the Bollinger bands are converging. This is an indication that the trend is changing.
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