Battle Infinity Market Forecast: IBAT Price Is Racing Back Upward to Recover Lost Grounds
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Battle Infinity Market Forecast: November 10
Battle Infinity market forecast is for the price to keep racing back upwards in a bid to recover the ground lost due to the recent dip.
IBAT/USD Long-Term Trend: Bullish (1-Hour Chart)
Key Levels:
Supply Zones: $0.0023100, $0.0027410
Demand Zones: $0.0020000, $0.0018700
Battle Infinity has experienced a very turbulent few days due to the high volatility in the market. The increased volatility ensured that the coin experienced an upward spike before the market fell to $0.002249.Right now, the buyers have revived and are actively rallying the price. IBAT is set to keep racing upward to regain lost price levels.
Battle Infinity Market Forecast: IBAT/USD Outlook
Immediately the coin failed to breach the supply line at $0.003823, the bullish tenacity dropped, and so did the market itself. The buyers, however, plotted to re-energize themselves through a price accumulation channel.
Hence, the coin reverted to a previous, yet effective, price range zone between $0.003262 as the resistance level and $0.002978 as the support level. The accumulation lasted from late last month into early this month before a breakout.
Upon the breakout, the sellers were also prepared to battle for the coin. This ensured price volatility, which eventually resulted in a price dip of $0.002249. The bulls, on the other hand, have jumped in and are pushing the price higher.
IBAT/USD Medium-Term Trend: Bullish (15-minute chart)
On the 1-hour chart, the MA Cross (Moving Average) lines have crossed each other upward to show the active price rise. The Stochastic Oscillator lines have also risen to touch the border of the overbought region already.
The 15-minute chart shows that IBAT has risen above the next closest key level of $0.002530. The price is currently negotiating the next level at $0.002735. A slight pullback sees the Stochastic Oscillator lines drop out of the oversold level. The lines of the MA Cross remain as support below the candlesticks. If all goes according to plan, IBAT may reach $0.003823.
Battle Infinity has huge potential for unusually massive returns. Buy IBAT
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