Battle Infinity Market Forecast: IBAT Experiences a Bullish Breakout From the Downward Channel
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Battle Infinity Market Forecast – December 23
Battle Infinity market forecast has changed to bullish. The hourly candles have formed a parabolic shape to reveal the change in direction from the support level.
IBAT/USD Long-Term Trend: Bullish (1-Hour Chart)
Key Levels:
Supply Zones: $0.001650, $0.001660, $0.001680
Demand Zones: $0.001600, $0.001590, $0.001580
The Battle Infinity market has witnessed a breakout from a bearish channel. The upper borders of the descending channel have failed to hold as the buyers have successfully pushed above the trend line.
Battle Infinity Market Forecast: IBAT Is Currently on an Uptrend
The Relative Strength Index (RSI) is currently indicating a very strong bullish market. The indicator phase is well above the 50 mark to signify bullishness. The market is also yet to be overbought, which means there is still a lot of room for buying and taking advantage of the price rise.
The Moving Averages (periods nine and twenty-one) have also crossed to show the initiation of a new bullish trend. The Moving Averages are currently supporting bullish motion.
The demand level at $0.001590 provided support where the bulls re-accumulated to go long in the market. The buying pressure at the support level has caused a price surge. In less than 24 hours, the market moved from $0.001590 to strike $0.001650.
IBAT/USD Medium-Term Trend: Bullish (15-minute chart)
The market is still on an uptrend. The resistance trendline has been broken and is now functioning as a support.
A bullish Order Block has formed above the $0.001600 support level. The Order Block is expected to foster a push-up off the price to $0.001680.
Battle Infinity has huge potential for unusually massive returns. Buy IBAT
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