Battle Infinity Market Forecast: IBAT Prepares for a Price Reversal to $0.003620
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Battle Infinity Market Forecast – October 20
The Battle Infinity market forecast is that the price of the coin is gearing up to reverse back to the $0.003620 level after touching down on the nearest significant level at $0.003390.
IBAT/USD Long-Term Trend: Bullish (1-Hour Chart)
Key Levels:
Supply Zones: $0.003830, $0.003620
Demand Zones: $0.003660, $0.003390
The Battle Infinity market is headed for a retest of the demand level to acquire the support it needs to start its sojourn back to the upper supply-demand zone. The steady rise earlier in the day became unsustainable after the bears rejected the market direction.
Battle Infinity Market Forecast: IBAT/USD Outlook
The Moving Average indicator shows that the current market is bullish. This comes after the market retests the demand zone to bring in more buyers. Periods 9, and 21, are lined up below the candlesticks, signaling a bullish market return.
The Parabolic SAR, as well, supports the market direction. The indicator is positioned below the market’s current price, marking the IBAT market as bullish.
The Average Directional Index indicates that the market direction, forced by the sellers’ pressure, is gradually losing strength. The bearish pressure that drags the coin price lower has started to wane as the buyers remain keen on a market takeover.
IBAT/USD Medium-Term Trend: Bullish (15-minute chart)
On the 15-minute chart, however, the bulls appear stronger in their move up the chart. The MA, during periods 9, and 21, attests to this.
The Parabolic SAR is also in support of this direction. However, the ADX indicator suggests a directional reversal, as the bulls have started to gain strength.
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