Battle Infinity Market Forecast: IBAT Finds Support on a Bullish Trendline
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Battle Infinity Market Forecast – December 22
Battle Infinity market forecast is calling for a bounce off the supporting trend line to attack the new $0.001680 supply zone.
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 retraced to seek support at the $0.001580 demand level. The bounce off the key support level has created a new low for an anchor for a bullish trend line.
Battle Infinity Market Forecast: IBAT Is Appearing Very Positive on the Market
The lows formed on the 16th are seen as holding prices for a higher push. A rejection candle formed beneath the prominent lows on the 16th to show the market has finally taken off from that region.
The MACD (Moving Average Convergence and Divergence) also crossed at the oversold region to indicate the seller’s exhaustion. The price took off, depositing a shadow below the lows to reveal the magnitude of the force of the ascension.
The Moving Averages (Periods nine and Twenty-one) have also signaled the end of the price decline. The intraday candles have climbed above the Moving Averages for support. The Moving Averages have also crossed to confirm the market is now uptrending.
IBAT/USD Medium-Term Trend: Bullish (15-minute chart)
The market has retraced to the supporting trendline to push higher. A bullish channel in the 15-minute timeframe is a further confirmation of the market’s ascent. 
The supply level at $0.001680 appears to be the nearby target for the market’s ascent. Bulls are set to rise steadily through the ascending channel to the supply level.
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