This is a great opportunity to invest in Battle Infinity as the bear market pushes the price below the $0.001750 price level. The bearish price is even now approaching the $0.0017 price level. Buyers may be regrouping around the $0.0017 price level, forming a strong demand line that will ensure the recovery of the bullish price.
Key Levels
- Resistance: $0.0022, $0.0021, $0.0020
- Support: $0.0017, $0.0016, $0.0015
IBAT/USD: The Indicators’ Outlook
Today’s Battle Infinity market was heading steadily in the upward direction until it hit the $0.001850 brick wall, and the price fell steeply as a result. Initially, the bearish price was rejected at the $0.001715 level, but now, due to the massive pressure on the bullish position, the bearish price finds a new level below $0.0017. The demand line has just been forced to the $0.001667 level. These aggressive bearish activities make the lower bands of the Bollinger indicator have more movement on the downside than the upper band.
Battle Infinity Short-Term Outlook: Bullish Recovery (15-minute chart)
The Bollinger Bands indicator reflects signs of bullish activity as the upper band shows a bit of movement to the upside before recoiling. This points to the bull market trying to reject the bearish price and restore the bullish price. The MACD now shows one faded red histogram. And, this marks the beginning of the bullish run. The next stop for the bullish price will be $0.0018.
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