Battle Infinity’s tug-of-war between buyers and sellers for control of the price continues, and the market price has held onto indecision since the last 4 daily sessions. The bears have formed a strong barrier at $0.001583. Likewise, the bulls are strong at the $0.001550 level.
Key Levels
- Resistance: $0.0022, $0.0021, $0.0020
- Support: $0.0015, $0.0014, $0.0013
IBAT/USD: The Indicators’ Outlook
For now, the bulls have the upper hand because the current price is (at least) above the 20-day moving average. This also increases the bull’s chance of taking the market. There is a high tendency that as the volume of trade increases, the direction of the market will turn upward.
Battle Infinity Short-Term Outlook: Bullish Recovery (15-minute chart)
There is strong bearish pressure in the market, but Battle Infinity buyers are doing well to salvage the market in these trying times. The Moving Average Convergence and Divergence indicator illustrate the bullish efforts to regain the market with its short height histograms and MACD lines moving near the equilibrium level of the indicator. The bulls still target regaining $0.0016.
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