The Battle Infinity bear market is still aggressive, and the bull market is also becoming stronger. They are reclaiming $0.0017 as support for the market, and by doing this, they are catching up with the bears. As the bulls find new higher support at $0.0017, pressure is being put on the position of the bears at $0.001733.
Key Levels
- Resistance: $0.0022, $0.0021, $0.0020
- Support: $0.0016, $0.0015 $0.0014
IBAT/USD: The Indicators’ Outlook
According to the indicators, the market is in the buy zone. The price action is above the 20-day moving average, and the RSI line is above the 50 mark. However, the bulls are still dealing with pressure from the supply zone. Buyers have to conserve their position at $0.0017 so that they can continue to put more pressure on the bears, and this will force them to compromise their position, giving way to the bulls as they push the price upward.
Battle Infinity Short-Term Outlook: Bullish Recovery (15-minute chart)
From this perspective, the market is becoming tight as bulls and bears face off against each other. Now, from the look of the indicators, the bears show slightly more strength than the bulls. The bull, however, held very tenaciously to the support level. This means that the demand line is bearing the pressure from the supply line for now. If buyers can keep their position in the market, they may eventually wear out the sellers.
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