Battle Infinity initially targeted the $0.001660 level, but it got cut short at $0.001648. However, the bulls were able to salvage the bullish price at the support level of $0.001620. And, as the bull market took off from here to re-attempt the $0.001648 level, it got cut short again. Right now, the bulls seek new support at around $0.001640.
Key Levels
- Resistance: $0.0022, $0.0021, $0.0020
- Support: $0.0015, $0.0014, $0.0013
IBAT/USD: The Indicators’ Outlook
The bears are regrouping at the $0.001648 level, and they appear to be strong at this point. But the bulls have been able to preserve the bullish price of $0.001620. And because of this, the price channel is already moving in a bullish way. The upper and lower bands and the 20-day moving average are moving in an upward direction. However, due to a bit of struggle at around $0.00166, the upper band began to recoil.
Battle Infinity Short-Term Outlook: Bullish Recovery (15-minute chart)
Looking at the market from this standpoint, we see the sellers gathering momentum again as they put pressure on the bull market. The buyers have now secured a support price level, which is $0.001640. This new stronghold seems strong as it is holding against the bearish pressure. A reprisal response from the supply zone is anticipated for the kind of massive bullish run we had in the last session. But if buyers can maintain the new support level against the selling pressure, they can wear out the bears and then continue moving to the upside.
Want a coin that has a huge potential for massive returns? That coin is Battle Infinity. Buy IBAT now.
Leave a Reply