The Battle Infinity is making impressive price advancements as more buyers are buying. Although the price advancement is very slow. Probably because the market did not open on the 26th of September as there were no buying and selling activities reflected on the chart for the day. Despite this, we can see some impressive bullish moves as the price is now at $0.003290.
Resistance: $0.003600, $0.003650, $0.003700
Support: $0.003000, $0.002500, $0.002000
IBAT/USD: The Indicators’ Outlook
When the price reached the height of $0.003331, traders began to take profits until the price balances at the current level. The buying pressure was so strong that the RSI line and the signal line rose very fast. The RSI line is now entering the overbought zone due to the strong bullish momentum. A price retracement is inevitable because, at such height, traders would want to take profits.
IBAT/USD Short-Term Outlook: Bullish Recovery (15-minute chart)
In this timeframe, Bulls seem to be responsive to the bears as they influence the price of Battle Infinity. This market behaviour is observed to have started on the 24th of September. Also along the line, there was very significant market indecision. But according to the Bollinger band, the price action is moving closer to the upper band, therefore, the probability that the price will continue to rise is high.
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