The Battle Infinity bull run has set the market on the trail of the $0.0019 price level. Buyers are very aggressive as they continue to take more territory. The bears are left with no choice but to shift lines for the bull market. However, the bears have set a strong resistance at the $0.001874 level.
- Resistance: $0.0022, $0.0021, $0.0020
- Support: $0.0017, $0.0016, $0.0015
IBAT/USD: The Indicators’ Outlook
With the resistance level at $0.001861, the bulls are trying hard to set their support level at $0.001860. This is in proximity to the new key resistance price level. The bull market keeps pushing into bear territory, forcing them to shift ground and yield to bullish pressure. Information from the MACD shows that the bulls are very much in control. The histograms are very progressive. Furthermore, the RSI indicator indicates that there is still room for more bullish action in this market, as the RSI line measures 60 for momentum.
Battle Infinity Short-Term Outlook: Bullish Recovery (15-minute chart)
The bull market is seen securing a support price at the $0.001860 level in the 15-minute market view. Bulls will have the opportunity to take price levels higher thanks to the new support level. The fact that the support level withstands all pressure from the supply zone suggests that it is quite robust. The $0.0019 area is what the Battle Infinity purchasers are aiming for, and based on their performance thus far, this can be accomplished between now and the following daily trading session.
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