As Battle Infinity bears overrun the market and the bulls succumbed to pressure at the $0.00235 level, the price fell below the $0.0023 price level. But the buyers were quick to secure support at around $0.002272. Now they need to deal with the $0.0023 resistance which was formally the support level for the bull market.
Key Levels
- Resistance: $0.0027, $0.0028, $0.0029
- Support: $0.0022 $0.0021, $0.0020
IBAT/USD: The Indicators’ Outlook
When the price action gets to $0.00237, the bands of the Bollinger indicator converges, this signifies the two opposing pressure becoming evenly matched at that level. The face-off between buyers and sellers was brief as sellers later gains control over the market. But now, the bull market now hold firmly the $0.002272 support level as they stop further fall in the price.
Battle Infinity Short-Term Outlook: Bullish Recovery (15-minute chart)
Buying Battle Infinity at this point in time will guarantee a good profitable return on investment. This is because, from the MACD indicator, we can speculate on the market that the bearish price will go no further beyond the $0.002272 support level. The Buyers are ready for another bullish run, although they have to deal with the resistance at $0.002278. The target of the bulls is set at the $0.0024 price level.
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