The price of Battle Infinity drop to around $0.002217 price level as the last session was closing. But, strong buying pressure around the $0.002217 price level was able to cut short the strong bearish price move. And with the strong support level that was formed, the market went into a ranging price period. Now as the buying pressure increases the price takes up an upward performance.
- Resistance: $0.0027, $0.0028, $0.0029
- Support: $0.0022 $0.0021, $0.0020
IBAT/USD: The Indicators’ Outlook
Currently, the buyers are having the upper hand as the price action remains above the 20-day moving average. However, at around $0.002297, the market faces bearish resistance and the bullish price seems pegged around that level as the struggle intensifies. The RSI indicator portrays this struggle with its line re-attempting level 55 after it was rejected.
Battle Infinity Short-Term Outlook: Bullish Recovery (15-minute chart)
From this point of view, we see clearly how the bulls are having the upper. The price action is above the 20-day moving average and the bull market finally conquers the resistance. However, the resistance level was shifted upward a bit, but the bulls were able to secure a support level which will form the basis for a more upward market.
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