Bears are still dominating the Battle Infinity market. Just like other crypto markets, IBAT may be suffering from the effects of the crypto winter, which prolongs the period of underperformance of the bull market. Nevertheless, the bulls are doing well to defend their position. This slows down the bearish price
Key Levels
- Resistance: $0.0022, $0.0021, $0.0020
- Support: $0.0016, $0.0015, $0.0014
IBAT/USD: The Indicators’ Outlook
The Bollinger Indicator still shows the market moving in a bearish way. The lower band has more activities than the upper band. And now the upper band is also taking up a downward movement. However, the bull market seems to be securing strong support at $0.001647, which is expected to form a strong basis for the recovery of the price.
Battle Infinity Short-Term Outlook: Bullish Recovery (15-minute chart)
On a smaller timeframe, the demand line is preventing the bear market from progressing. And the outlook of the MACD indicator suggests a high level of indecision among traders. A bullish trend may follow this short period of sideways ranging. And the next stop could be the $0.0018 price level.
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