Battle Infinity Market Forecast: IBAT Shoots up From a $0.001630 Demand Level
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Battle Infinity Forecast – January 19
The Battle Infinity market forecast is aimed at striking the resistance level at $0.001980. The market has bounced off the support zone to keep ascending.
IBAT/USD Long-Term: Bullish (1-Hour Chart)
Key Levels:
Demand Zones: $0.001630, 0.001580, 0.001530
Supply Zones: $0.001980, $0.002000, $0.002200
Battle Infinity retraced its steps to gather more buying energy at the $0.001630 demand level. The moving Averages (periods 30 and 50) are currently resting below the intraday candles to support the bullish price action.
Battle Infinity Market Forecast: Market Outlook
IBAT price started another uptrending phase after a consolidation which ended on the 4th. The Stochastic signified that the market was already oversold. The price jacked off the oversold region to soar. The market ascended with a steady slope to reach $0.001980.
The Moving Averages crossed after the candles hit the supply zone at $0.001980 to show the retracement. The market has moved to discount levels where demand is high to provide buying opportunities for long positions.
The Bulls appeared to have gained energy with the sudden shoot-up in price from $0.001630. The Stochastic indicator revealed that the market was already oversold on the 20th. This fostered the bounce off the support level to attack previous highs.
IBAT/USD Medium-Term Trend: Bullish (15-minute chart)
The price action has revealed the effect of the buying pressure in the market. The price is rapidly rising from the demand level at $0.001630.
The Stochastic is signaling that the market is oversold on the lower timeframe (15-minute chart). The signal correlates perfectly with that of the higher timeframe. The market appears to be in a very good condition to go long. The price is expected to rally to $0.001980.
Battle Infinity has huge potential for unusually massive returns. Buy IBAT
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