Battle Infinity Market Forecast: Battle Infinity Will Rise Strongly After Consolidation
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Battle Infinity Market Forecast – October 27
Battle Infinity market forecast is for the coin to strengthen itself through price consolidation and then shoot up from there.
IBAT/USD Long-Term Trend: Bullish (1-Hour Chart)
Key Levels:
Supply Zones: $0.003228, $0.003831
Demand Zones: $0.002978, $0.002846
Battle Infinity has been up and down recently, which seems to have slightly decreased the strength of the buyers. As a result, the coin is now entering a consolidation phase in which the buyers will strengthen themselves. This will in turn help to resume the upward mobility of the market.
Battle Infinity Market Forecast: IBAT/USD Outlook
From the 11th of October up till the 15th, Battle Infinity was found ranging. The $0.003228 price level was used as the resistance level, while the $0.002978 key level sealed the price from below.
By the 16th of October, the coin had accumulated strength and broken the resistance level. The price rose further to $0.003841 before the market was stopped abruptly. This has led to a swift drop in the IBAT/USD price.
The price kept dropping till it fell back right into the former consolidation channel between $0.003228 and $0.002978. The Parabolic SAR (Stop and Reverse) dots have started alternating around the 1-hour candlesticks.
IBAT/USD Medium-Term Trend: Bullish (15-minute chart)
The MACD (Moving Average Convergence Divergence) chart has its lines bending from up to down below the zero level. And the lines have crossed upward to climb back above zero. These are all the attributes of price consolidation in the market.
There are several cycles that MACD lines have undergone on the 15-minute chart to show market consolidation. Likewise, there is more alternation of the Parabolic SAR dots around the 15-minute candlesticks. At the end of consolidation, Battle Infinity is expected to push strongly upward.
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