This is another opportunity to buy Battle Infinity as the price falls below the $0.002 demand zone. The market eventually finds its footing at around the $0.001857 support level. Currently, the bull market has reclaimed the $0.001905 level and is ready to restore the bullish price.
Key Levels
- Resistance: $0.0027, $0.0028, $0.0029
- Support: $0.0019, $0.0018 $0.0017
IBAT/USD: The Indicators’ Outlook
The bullish price recovery is facing difficulty at $0.001928. The price action bounced back after reaching the resistance level. Currently, the buyers are trying to establish a support level in proximity to the resistance level. This should assist the bull market in advancing the price to the upside.
Battle Infinity Short-Term Outlook: Bullish Recovery (15-minute chart)
From this outlook, we can see that the bulls are already establishing a support level at $0.0019. With the support level at this point, the bulls are ready for action. The MACD indicator already has a bullish crossover in the negative zone. But the MACD line recoils at the encounter with the $0.001928 resistance level. As a reflection of the formidability of the bulls, the lines move horizontally instead of retracing to a lower position. The $0.0021 price level will be the next stop for the market after the bull market finally breaks the bearish resistance.
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