As the Battle Infinity market sought a definite direction for the price in the last daily trading session, it was initially to the upside. Then the bears became stronger and they hijacked the market until the bearish price hit a brick wall at $0.002082. From this point, the buying pressure can push the price to a higher level.
- Resistance: $0.0027, $0.0028, $0.0029
- Support: $0.0022 $0.0021, $0.0020
IBAT/USD: The Indicators’ Outlook
The bearish run lasted for a short while before the buyers were able to salvage the falling price. The Bollinger indicator now illustrates a consolidating market. The price is now above the moving average. However, the latest bullish candle on the chart is not affecting the upper band of the Bollinger indicator yet.
Battle Infinity Short-Term Outlook: Bullish Recovery (15-minute chart)
The bull market has finally assumed a new price level. The bearish run was stopped at the threshold of $0.0020. Now the bull market has taken up another major price level. The market is now at $0.002108. But with the horizontally moving price channel, the tug-of-war between demand and supply is still going on.
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