On the 20th of October, the IBAT market trend went almost completely flat with indecision. This signals a soon price breakout. And as expected, after the price leaned slightly in favour of the bears, the market witnessed a strong bullish price breakout.
Key Levels
- Resistance: $0.0038, $0.0040, $0.0045
- Support: $0.0025, $0.0020, $0.0019
IBAT/USD: The Indicators’ Outlook
The bullish market continues to attain a new price level until the price reached the resistance level of $0.003200. Here, the sellers formed strong resistance against the bullish market and the price was rejected. But the buyers were able to secure new support at $0.002936.
IBAT/USD Short-Term Outlook: Bullish Recovery (15-minute chart)
As the bullish market reached the current price level, opposing selling pressure made the market enter into indecision. This is slowing down the upside advancement of Battle Infinity. Although the price activities are below the Bollinger indicator moving average, the bullish market is showing signs that they are gathering momentum for more action.
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