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Battle Infinity (IBAT/USD) Bullish Recovery in Progress

Johnathon Fox
12/24/2022 | UPDATED ON: 12/24/2022

As the crypto winter continues, Battle Infinity bulls are doing great at minimizing the effect of the turbulent times. The supply zone’s pressure is so strong that it should be more detrimental to the bulls, but the number of traders buying the token at this time is preventing a steep drop in the market.

Key Levels

  •   Resistance: $0.0022, $0.0021, $0.0020
  •   Support: $0.0016, $0.0015, $0.0014

 IBAT/USD: The Indicators’ Outlook 

The best time to buy IBAT is at this time when the selling pressure is making the market’s price fall and thus become more affordable. A good buy at this time will guarantee a massive return on investment. The RSI indicator and the MACD indicator have bullish price recovery sentiments. The MACD now has a bullish crossover, and the RSI line is rising in an almost vertical manner, reaching the 50 mark, which is the point of equilibrium for the market. 

Battle Infinity (IBAT/USD) Bullish Recovery in Progress

Battle Infinity Short-Term Outlook: Bullish Recovery (15-minute chart)

The bullish price recovery comes through clearly in this smaller timeframe. The bullish activity is moving the upper band of the Bollinger Bands indicator to the upside. This means that the buyers are becoming more active. The MACD indicator also illustrates the aggressive bullish activities with its histograms and lines. The bull market now has two price levels to reclaim: $0.001650 and $0.0017.

Want a coin that has a huge potential for massive returns? That coin is Battle Infinity. Buy IBAT now.

 

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
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