After reaching the current price of $0.004430, Battle Infinity still has the prospect of rising. Investors can quickly take the chance of the imminent rise before the trend reverse briefly in preparation for another upper retracement of the price. Trading on a shorter timeframe like this, calls for close attention to the market. The market changes very fast. And knowing when to go long for a profitable trade is very important.
Resistance: $0.004500, $0.004696, $0.004813
Support: $0.004323, $0.004201, $0.004049
Battle Infinity: Views From the Indicators
From the outlook of the indicators, the price actions are testing the upper boundary of the Bollinger band. Usually, this should signal a trend reversal, but when we combine this information with the information from other indicators like the Relative Strength Index and Relative Vigour Index, we discover that there is still a chance for investors to make a good profit. The RSI line point to a strong buying pressure measuring the strength of 65%. This is a sign that the market is still advancing.
IBAT/USD Short-Term Trend: Bullish (15-minute chart)
In this timeframe, we can see how today’s trading sessions favour buyers. They had control over the market in most of the trading sessions as some of the bullish moves are very strong. And this buying pressure is driving the price to the upside as the RSI, in this time frame, is showing bullish strength at 63%.
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