In this market, investors must be on a ready watch to seize any opportunity of making a profit whenever it presents itself. Yesterday’s market presented opportunities for profiting to both buyers and sellers because the price action swung in favour of both of them. But for today’s market, the sellers are in control of most of the trading session. As the price of Battle infinity (IBAT) falls continously today, there is an opportunity for an investor to go long and make a profit. This is because there is a possibility that the market is being oversold. When a market is selling lesser than its value, the price of such market will soon rise.
Key Levels
Resistance: $0.006500, $0.00700, $0.007500
Support: $0.005787, $0.005500, $0.004363
IBAT/USD Short-Term Trend: Bearish(15-minute chart)
The selling pressure is very strong in the market today. Here in the chart are bearish candlestick that left wide spaces between themselves and the previous candlesticks. When candlestick patterns are like these, it means that the market is selling below its normal value.
Battle Infinity: Views From the Indicators
In the Relative Strength Index, the indicator line has entered the oversold region. And the line is showing the sign that it will soon retrace an upper position, this means that there is about to be an uptrend in the market. In the MACD indicator, the two lines are going very close to each other. There is a possibility that the faster line will soon cross over the slower line to confirm the prediction of a reversal trend. it is more profitable to buy at a lower price in order to sell at a much higher price.
Want a coin that has a huge potential for massive returns? That coin is Battle Infinity.
Buy IBAT now.
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