The Battle Infinity bulls are now becoming successful in regaining their grip on the market as they have secured a support level at $0.00215. Previously, strong selling pressure has made them lose grip on the $0.0022 price level, which is a major support for the bull market. The current price of IBAT is 0.00216; the price is on the rise again.
Key Levels
- Resistance: $0.0027, $0.0028, $0.0029
- Support: $0.0021, $0.0020 $0.0019
IBAT/USD: The Indicators’ Outlook
The Bollinger indicator illustrates the buying pressure catching up with the bear market as the bands change movement to a sideways pattern. The upper band and the lower band also compress against the price action. This illustrates the forces of demand becoming strong enough to stop further progress of the bear market.
Battle Infinity Short-Term Outlook: Bullish Recovery (15-minute chart)
The Bollinger band in the 15-minute timeframe portrays the intensifying struggle for the price. The bands of the indicator increasingly contract against the price action. And the price action moves harmoniously with the 20-day moving average. The struggle between bulls and bears has left the price (for now) at equilibrium. At the peak of the tug-of-war, there may be a bullish price breakout.
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