Battle Infinity Market Forecast: Battle Infinity Jerks upward to begin a definite uptrend
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Battle Infinity Market Forecast – October 26
Battle Infinity market forecast is for the price to continue strongly in an uptrend after it jerks upward from the $0.003000 key level.
IBAT/USD Long-Term Trend: Bullish (1-Hour Chart)
Key Levels:
Supply Zones: $0.003851, $0.003330
Demand Zones: $0.003000, $0.002775
Battle Infinity shows its bullish credentials by jerking upward immediately after it touches down at the $0.003000 support level. Thus, the price is now stretching the upper limit of its consolidation zone. It is expected that the coin will violate this level and rise further past several key levels.
Battle Infinity Market Forecast: IBAT/USD Outlook
Battle Infinity has once again demonstrated its bullish ability by continuing the trend that brought the market above the $0.003000 key level. On the 16th of October, the coin lifted off from the support and rose to $0.003851.
The price, however, took a hit at the $0.003851 resistance level and began plunging, gradually at first, then steeply till it fell through several prices back to $0.003851.
The RSI (Relative Strength Index) maintains a position just above the oversold region border. When the price jerks up, it causes the RSI line to surge into overbought before it corrects itself by dropping a bit lower.
IBAT/USD Medium-Term Trend: Bullish (15-minute chart)
The ATR (Average True Range) indicator shows a steady increase in market volatility. This is similar to that of the 15-minute chart. This is a different move from what we had earlier in the market when the volatility was undulating and moving sideways.
Remarkably, the RSI line on the 15-mins has taken a huge downturn, which plunges through to the downside oversold region. This seems to be in response to the drastic price changes caused by the swift change in volatility. The coin is expected to recover sufficiently and continue with its bullish foray toward $0.003851.
Battle Infinity has huge potential for unusually massive returns. Buy IBAT
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