Battle Infinity Market Forecast: IBAT Is Ready to Rise After Hitting a Trough Point
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Battle Infinity Market Forecast – August 24
Battle Infinity market forecast is for an imminent rise in the market after the price hits a trough point in its wave-like ranging movement.
IBAT/USD Long-Term Trend: Bullish (1-Hour Chart)
Key Levels:
Supply Zones: $0.0115370, $0.0087890
Demand Zones: $0.0041870, $0.0055590
IBAT is moving in a wavy-like ranging pattern and is set to drive upwards after hitting its trough point. The market is currently confined between key levels, which is prompting its ranging movement. The market intends to continue its bullish foray after accumulating momentum to break free.
Battle Infinity Market Forecast: IBAT Is Strongly Bullish
IBAT intends to aim for the $0.0115370 price level which it first attained when it surged upward at the beginning. Since then, the price has been curtailed below the $0.0087890 resistance level.
The strategy that the market buyers are using to break free of this limiting price level is to keep ranging and testing the supply line for points of weakness while also accumulating momentum at the same time.
The price has dropped back to the support level for another rise. In doing so, the RSI (Relative Strength Index) has plunged into the oversold region and is due for an imminent reversal.
IBAT/USD Medium-Term Trend: Bullish (15-minute chart)
The 15-minute chart shows the price dipping to the support level and violating the price levels at which it falls. In so doing, the candles have stretched the lower Bollinger Band and it is expected to snap back upwards.
The Relative Strength Index on the 15-minute chart is in agreement with the 1-hour chart; it has dropped into the oversold level and is due to rise again. IBAT will be looking to break the resistance level at $0.0087890 as it goes back upward.
Battle Infinity has huge potential for unusually massive returns. Buy IBAT
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