Battle Infinity buyers are doing very well to prevent a drastic fall in the price. Despite the massive pressure from the supply zone, the bulls have stood their ground in the market, though the support price has shifted to $0.0016. The appearance of the last candlestick on the chart reflects the faceoff between the buyers and the sellers.
Key Levels
- Resistance: $0.0022, $0.0021, $0.0020
- Support: $0.0016, $0.0015, $0.0014
IBAT/USD: The Indicators’ Outlook
The bearish price is testing levels lower than $0.001600. But the bulls rejected the bearish price and recovered the price back to $0.001602; however, because the volume of trade is low at this time, the current price seems stagnant at that level. The market requires an increase in trade volume; the market is currently moving in a bullish direction.
Battle Infinity Short-Term Outlook: Bullish Recovery (15-minute chart)
The bears have progressed below the $0.0017 level. They now have strong resistance at the $0.001620 level. The bull market has continued to fail to break this resistance since the last session. The last attempt they made this morning was rejected from the supply zone, and the price was sent to the threshold of the support price level. With more bulls coming into the market, the bullish price can reclaim lost ground.
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