Battle Infinity Market Forecast: IBAT Is Set for an Imminent Rise From an Oversold Region
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Battle Infinity Market Forecast – September 16
Battle Infinity market forecast is for the buyers to push for a rally after the coin drops to an oversold status on the Stochastic Oscillator.
IBAT/USD Long-Term Trend: Bullish (1-Hour Chart)
Key Levels:
Supply Zones: $0.0056310, $0.0049030, $0.0034560
Demand Zones: $0.0030400, $0.0027010, $0.0023060
After an extended period of agitation through a channel, the Battle Infinity market has dropped to a lower price level. This automatically translates to the coin’s plunging into an oversold status on the Stochastic Oscillator. The buyers can be counted on to push the market for an immediate rally from the current $0.0030400 price level.
Battle Infinity Market Forecast: IBAT Is Strongly Bullish
A strong resistance layer of $0.0039830 overlaid the price as it traded in a sideways direction in a channel. The price then began to be volatile as it sought to push out of the channel.
The resistance level remained unyielding, which eventually translated to much strain on the $0.0034560 support level, which had to give way to allow for the drop in price to the next support at $0.0030400.
At $0.0030400, the Stochastic Oscillator has dipped close to the oversold region and the buyers will be looking to rebound upwards. The candles have stretched the lower Bollinger Band, which is certain to snap back, pushing the price upward.
IBAT/USD Medium-Term Trend: Bullish (15-minute chart)
The 15-mins chart helps to see that immediately after the price touched down at $0.0030400, it bounced back upward. But it stopped short of bypassing $0.0034560 (now resistance). Hence, the coin has dropped back to receive support at $0.0030400 for another bullish assault.
On the hourly timeframe, the market has stretched the lower Bollinger Band and it is expected to snap back upwards, thereby pushing the price up. The Stochastic Oscillator is also approaching the oversold region and is expected to recover immediately afterwards. When this happens, Battle Infinity will immediately drive upwards for $0.0056310.
Battle Infinity has huge potential for unusually massive returns. Buy IBAT
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