The price chart for Battle Infinity shows indications that the market may be preparing for price consolidation below the resistance level of $0.004821. The 9-day moving average has caught up with the price action giving us the impression that the price may not fall any further. As the price consolidates, it may be preparing for a price shoot-up. Even at the current price of $0.004560, IBAT/USD has the potential to profit. At this time investors who trade out in Battle Infinity’s dip should also trade in the crypto’s dip so that the market price can rise.
Resistance: $0.004073, $0.004741, $0.004793
Support: $0.004181, $0.003975, $0.003769
IBAT/USD: The Indicators’ Outlook
The Moving Average Convergence and Divergence shows tiny histograms moving in, slightly above, and slightly below the zero point. Those histograms are so tiny that they almost form a straight line along the point zero. Also, the two lines of the indicator are going together without much difference. What it means is a consolidating market. However, price pull still exists between the buyers and sellers. And that shows that the market is still healthy.
Battle Infinity Short-Term Trend: Bullish (15-minute chart)
On the 15-minute timeframe, we can see that buyers are making effort to take the market, but for now, sellers are aggressive. According to the indications of the MACD pink histograms, we see that buyers are trying to push up the price from the downside of the indicator. With more buyers coming into the market, the price will recover to the upside.
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