Battle Infinity Market Forecast: IBAT Is Poised to Test the $0.002620 Resistance Level Again
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Battle Infinity Market Forecast: November 30
The Battle Infinity market forecast is for the price to rise aggressively to test the $0.002620 resistance level again, to break through it.
IBAT/USD Long-Term Trend: Bullish (1-Hour Chart)
Key Levels:
Supply Zones: $0.003823, $0.003262
Demand Zones: $0.002978, $0.002249
Battle Infinity is currently locked in a ranging pattern. The market is seen cranking between $0.002620 as the resistance level and a strong demand base at $0.002355 (whose influence extends to $0.002250). With the solid support aiding the market, Battle Infinity has been tugging violently at the resistance level. It is only a matter of time before the resistance weakens and gives way.
Battle Infinity Market Forecast: IBAT/USD Outlook
A breakout from its current consolidation phase will see the Battle Infinity market skyrocket to higher price levels. The buyers are at work, consistently bouncing off the $0.002355 support to test the supply level.
The market is currently preparing for another round of testing at the resistance level. The price has pulled back towards the $0.002250 edge of the demand zone and is preparing to spring back to the supply level.
The RSI (Relative Strength Index) indicator suggests the price is already on the rise to test the resistance level. The current position of the RSI is 53.31.
IBAT/USD Medium-Term Trend: Bullish (15-minute chart)
The price is set to spring off the lower border of the Bollinger Band on the 1-hour chart as the price prepares to drive upward. On a shorter time scale, the same can be said about the market. The first step will be to bypass the middle line of the Bollinger Bands.
The RSI line on the lower time frame has almost reached the middle line. This is showing that the process of rising has started in the market, and we can expect to see an upsurge in the price toward the ye resistance level to break through and rise above $0.002735.
Battle Infinity has huge potential for unusually massive returns. Buy IBAT
Note: Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
