Battle Infinity Market Forecast: IBAT Buyers Are Regrouping at a Low Price to Pump the Market
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Battle Infinity Market Forecast: November 11
Battle Infinity market forecast is for the price to keep building momentum for an upward movement due to the activities of the buy-traders.
IBAT/USD Long-Term Trend: Bullish (1-Hour Chart)
Key Levels:
Supply Zones: $0.004025, $0.004667
Demand Zones: $0.003575, $0.00380
Battle Infinity keeps building up its buying base as it seeks to recover lost price levels. A volatile period in the market which took place over the past few days left the buy-traders seriously depleted, and the buyers could not cope with the selling pressure, so the coin took a dip to $0.002249. However, at the low price level, the market investors are regrouping, and this can be seen in the firm upward moves in the market.
Battle Infinity Market Forecast: IBAT/USD Outlook
Battle Infinity market failed to break the $0.003823 resistance level after it rose from consolidation on the 16th of October. Hence, the price drops back to the consolidation zone to re-strengthen itself.
After about 11 days of ranging, IBAT rose strongly from the price accumulation channel and took advantage of the increase in volatility to spike upward. However, the price couldn’t hold as it got rejected from the same previous resistance level at $0.003823.
Thereafter, the coin fell so much that it dipped through the consolidation level to $0.002249. Nevertheless, the buyers are immediately regrouping to pump up the price. As a result, the upper Bollinger Band has been stretched by the candlesticks.
IBAT/USD Medium-Term Trend: Bullish (15-minute chart)
The MACD (Moving Average Convergence Divergence) lines show the magnitude of the bull’s activity. Its lines have risen strongly from negative values back above the zero level. Until recently, the MACD line on the 15-minute time frame had mostly been positive.
In general, investors are regrouping at the current low price level and are pumping the price gradually past the key levels. Currently, the market is trying to negotiate $0.002735. IBAT is anticipated to keep rising from this level until it reaches the supply level at $0.003823 which rejected the price.
Battle Infinity has huge potential for unusually massive returns. Buy IBAT
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