Battle Infinity Market Forecast: IBAT Accumulation Continues as the Price Moves Toward a Breakout
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Battle Infinity Market Forecast: December 9
The Battle Infinity market forecast is for the price to keep accumulating until the bulls attain an energy level whereby they can strongly influence the market.
IBAT/USD Long-Term Trend: Bullish (1-Hour Chart)
Key Levels:
Supply Zones: $0.001800, $0.001905, $0.001976
Demand Zones: $0.002080, $0.002195, $0.002560
The Battle Infinity bulls have already intervened in the price action of the market by interrupting the downward flow in price. Afterward, the coin stabilized above the $0.0002195 demand level. The price then dropped further to $0.001976; it is currently accumulating. The accumulation, which started around the 11th of November, has continued till today and is predicted to last for only a few more days before the coin attains the strength for a rally.
Battle Infinity Market Forecast: IBAT/USD Outlook
The battle continues for bulls to fully take control of the market. The traders have so far been able to stop the market’s plunge. The traders have so far been able to stop the market’s plunge. The next step is to sufficiently strengthen the market to begin a rally.
Battle Infinity is stabilized at the $0.001976 demand level, and the bulls can prevent the coin from dropping lower than that. Much more, the price is now accumulating above the level to begin an uptrend.
The RSI (Relative Strength Index) line is fluctuating from the oversold level to around the middle line as the price continues to accumulate. The Bollinger Band has also squeezed around the 1-hour candles.
IBAT/USD Medium-Term Trend: Bullish (15-minute chart)
The indicators on the 15-minute chart are consistent with those on the 1-hour chart. The RSI indicator is fluctuating around the middle line with a bias to the lower side. Also, the Bollinger Bands are squeezing tightly around the 15-minute candlesticks. This hold will break when the price eventually surges upward.
Therefore, price accumulation continues on the Battle Infinity market as the buy-traders patiently wait for the best time for a rally. More positive bullish indicators will be seen in a matter of hours or days, after which the bulls will rally the market to higher levels. The Battle Infinity market currently has a price target of $0.002560.
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