The Battle Infinity price has been consolidating since yesterday. The price action moves along horizontally and in agreement with the moving average, as the pressure from the demand zone matches evenly with the pressure from the supply zone. For now, it is a deadlock situation in the market.
Key Levels
- Resistance: $0.0027, $0.0028, $0.0029
- Support: $0.0021, $0.0020 $0.0019
IBAT/USD: The Indicators’ Outlook
There has been a struggle for the price in the since the previous daily session. And since then, the Bollinger indicator illustrates the intensifying struggle in the market with its narrowing bands. Despite the struggle, with the price moving along with the 20-day moving average, the price of IBAT is at equilibrium. At the peak of the price struggle, the market will experience a bullish price breakout.
Battle Infinity Short-Term Outlook: Bullish Recovery (15-minute chart)
The RSI indicator continues to oscillate around the midrange of the indicator. There is no clear direction for the market now, as the massive struggle between the two forces left the price in a static position. As the struggle peaks, there is going to be a bullish price break out.
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