The Battle Infinity market is experiencing a bull run as fresh price peaks are being reached. Although the bears have also been highly active, the bulls are winning since they are maintaining the bullish price. After the bull market hit a brick wall at $0.001860, the bears tried to sway the market in their favour today. The price reached $0.001807 due to the intense selling pressure, but the bear market was unable to continue below that point because of the strong bullish support. At $0.001840, the bull market is currently seeking new, higher support.
Key Levels
Resistance: $0.0022, $0.0021, $0.0020
Support: $0.0017, $0.0016, $0.0015
IBAT/USD: The Indicators’ Outlook
Initially, the price channel was moving upward, but now the market has settled for a horizontal movement. The market is moving horizontally with a wide distance between the support level and the resistance level. The market is volatile as the bear market is almost catching up with the bulls and the proximity between the current price and the 20-day moving average is increasing. The bull market still maintains the $0.001807 support level but seeks to shift the line to a higher price level.
Battle Infinity Short-Term Outlook: Bullish Recovery (15-minute chart)
The next support level that the bulls aim for is $0.001840. Despite the supply line’s strong resistance to the bull market, this seems doable between now and the following daily session. This market view shows that the market has maintained the support level at $0.001834. Additionally, the current price is close to the desired price. This raises the likelihood of taking advantage of the new price level.
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