Battle Infinity Market Forecast: IBAT Stabilizes Itself for a Strong Rally
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Battle Infinity Market Forecast: December 8
The Battle Infinity market forecast is for a strong rally in the market after IBAT stabilizes itself above the $0.001976 key level.
IBAT/USD Long-Term Trend: Bullish (1-Hour Chart)
Key Levels:
Supply Zones: $0.003228, $0.003831
Demand Zones: $0.002978, $0.002846
Battle Infinity is stabilizing itself above the $0.001976 key level in preparation for a strong rally in its market. The coin can be seen keeping a steady sideways path since it dipped from $0.002080 to $0.001976 on the 6th of December. Having stabilized itself above the $0.001976 key level, the coin is searching for trigger points along the support line from which it will drive up.
Battle Infinity Market Forecast: IBAT/USD Outlook
The market once touched down at $0.001976 on the 12th of November after an incredible release of volatility in the market. Afterward, the coin went ahead to stabilize itself on the $0.002249 support.
At the same time, the $0.002560 resistance level prevailed against the price, hindering it from rising above it. Therefore, the market has to drop a step lower in search of stability and bullish strength.
The price eventually drops to $0.001976, the level at which it spiked earlier. IBAT is now stabilizing its market as it also seeks a trigger to push it up. In this regard, the Bollinger Bands have squeezed the price.
IBAT/USD Medium-Term Trend: Bullish (15-minute chart)
The RSI (Relative Strength Index) on the 1-hour chart is moving in a peculiar, wavy way, which is essential to a downtrend. This is due to the drop of the coin to a lower support level. The upward moves show the price is being acted upon by weak triggers currently.
The RSI on the 15-minute chart fails to convincingly rise beyond the 60 mark, which is due to the current subdued nature of the market as it seeks to stabilize itself. Battle Infinity is expected to encounter a trigger soon, and then a strong rally will follow, potentially driving the coin to $0.002978.
Battle Infinity has huge potential for unusually massive returns. Buy IBAT
Note: Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
