The Battle Infinity bulls are doing well to conserve their position against the general bearishness of the crypto market. Towards the end of the last session, the demand line lost grip on the $0.001859 price level. But in today’s session, bulls quickly regrouped at $0.001823. And they build momentum in anticipation of an upward price movement.
- Resistance: $0.0027, $0.0028, $0.0029
- Support: $0.0018, $0.0017, $0.0016
IBAT/USD: The Indicators’ Outlook
Since the beginning of the daily session, the buyers have been actively making strong attempts against the bearish pressure to restore the bullish price. The effect of these bullish activities is reflected by the Bollinger Bands indicator. The upper and lower bands of the indicator are converging. And the price action is reaching out for the 20-day moving average.
Battle Infinity Short-Term Outlook: Bullish Recovery (15-minute chart)
The recoiling RSI line is now measuring 40 for the momentum of the market. The MACD line is also getting ready to make a bullish crossover below level zero as its negative histograms show signs of bullish activities. The bull market is going to take the price to $0.0019 between now and the next daily session.
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