Battle Infinity Market Forecast: IBAT Leverages a Solid Support Level to Grow Its Market
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Battle Infinity Market Forecast: November 29
The Battle Infinity market forecast is for the price to launch a bullish rally from a strong demand base.
IBAT/USD Long-Term Trend: Bullish (1-Hour Chart)
Key Levels:
Supply Zones: $0.002610, $0.003520
Demand Zones: $0.002290, $0.002600
For more than two weeks now, the Battle Infinity market has been caught in a range. This is because the coin can be observed as being mostly stabilized in the $0.002355 demand zone. The influence of the demand zone extends to as much as $0.002250. As a result, whenever the price forces itself below $0.002355, it gets weakened before $0.002250. Only on occasion did the coin drop below $0.002250. This is the foundation from which the IBAT price will grow.
Battle Infinity Market Forecast: IBAT/USD Outlook
Since the drop of the market on the 10th of October, it has found a suitable base at the $0.002355 demand level. From there, the coin has been pushing upward.
However, the market is also capped at the top by a seemingly impermeable layer at around $0.002620. The price has constantly been tugging at this resistance, gradually weakening it.
The movement of the Stochastic Oscillator lines between the borders of the overbought and oversold regions is a reflection of the ranging nature of the market.
IBAT/USD Medium-Term Trend: Bullish (15-minute chart)
The lines of the RSI (Relative Strength Index) on the one-hour chart are equally bouncing between the borders of the overbought and oversold regions. Only on a few occasions did the line pierce either border. The RSI on the 15-min chart emphasizes the most recent time (November 28) when the market slipped into the oversold territory before recovering.
The stochastic oscillator lines repeatedly hit the oversold and overbought market borders, indicating that the market is more aggressive in the short term. The demand level is expected to survive the continuous attrition of the market, but it is expected to weaken the thin resistance layer. This will then set IBAT free to rise beyond $0.002700.
Battle Infinity has huge potential for unusually massive returns. Buy IBAT
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