Battle Infinity has settled on the $0.001620 price level as the new higher support level. At this new demand zone, the buyers were finally able to cool off the massive resistance from the supply zone. And the struggle between buyers and sellers is setting $0.001640 as the new equilibrium price for the market.
Key Levels
- Resistance: $0.0022, $0.0021, $0.0020
- Support: $0.0015, $0.0014, $0.0013
IBAT/USD: The Indicators’ Outlook
According to the Bollinger Bands Indicator, the two forces of the market are becoming evenly matched, although the supply zone has a slight upper hand over the demand zone. But the support level still shows signs of strength and resilience. The bull market has brought the price slightly above the 20-day moving average, but even here, the bulls need to deal with strong resistance. If the bulls can fully capture $0.001640, it will set them on another aggressive venture to conquer more price levels.
Battle Infinity Short-Term Outlook: Bullish Recovery (15-minute chart)
On a smaller time frame, the bull market is turning the trend in an upward direction. The Bollinger band indicator is beginning to move upward. However, the bearish resistance at $0.001640 is becoming impregnable for the bulls. Despite this, the bulls continue to maintain the price of IBAT above the 20-day moving average. IBAT bulls are set to capture more price levels.
Want a coin that has a huge potential for massive returns? That coin is Battle Infinity. Buy IBAT now.
Leave a Reply