The face-off between buyers and sellers reached its peak and the price finally breaks out to the upside. Initially, It was looking like it would be a bearish price breakout but it turns into a bullish breakout. The Battle Infinity bulls are still strong around the $0.0024 price level. The bearish price was rejected at this price level and that same price becomes the basis for the bullish price move in the market.
- Resistance: $0.0027, $0.0028, $0.0029
- Support: $0.0024, $0.0023, $0.0022
IBAT/USD: The Indicators’ Outlook
In the MACD, the two lines (the fast line and the slow line) respond rapidly and they cross into the bullish zone. The bullish histograms are still showing active strength as they appear in green. However, the bulls market may be facing resistance at the current price of $0.002613 because the candlestick at the point remains a doji. And this is a tug-of-war between buyers and sellers at that level. However, the Simple Moving Average of the Bollinger is now facing an upside level, this is to indicate yet an upward movement of price.
Battle Infinity Short-Term Outlook: Bullish Recovery (15-minute chart)
From this point of view, we discover that the price activities have formed a new price channel with high proximity between the support price and the resistance. The new channel now moves horizontally. $0.002600 remains the support
while the resistance price level is $0.002613. It looks like the support is holding strong. And if buyers can keep the support level, their next target will be $0.0027
Want a coin that has a huge potential for massive returns? That coin is Battle Infinity.
Buy IBAT now.