Battle Infinity Market Forecast: IBAT Strengthens at a Low Price for a Rally
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Battle Infinity Market Forecast: November 20
The Battle Infinity market forecast is for the coin to keep strengthening for a bullish drive at a slightly lower level.
IBAT/USD Long-Term Trend: Bullish (1-Hour Chart)
Key Levels:
Supply Zones: $0.004025, $0.004667
Demand Zones: $0.003575, $0.00380
Battle Infinity keeps strengthening its capacity for upward movement in its bid to push to a higher level. A turbulent period over the past weeks has stiffened the activities of the bulls, such that the market could not cope with the downward strain. This eventually leads to a drop to the $0.002250 demand level. Notwithstanding, the market can strengthen itself with less intervention at this demand level.
Battle Infinity Market Forecast: IBAT/USD Outlook
The Battle Infinity market did breach the $0.003823 supply level after it drove out of a ranging zone on the 16th of October. As a result, the market returns to the range zone to re-strengthen itself.
Several days of consolidation passed before IBAT rose strongly out of the ranging zone to ride on the strength of the volatility increase. But everything goes wrong when a rejection sends the market plummeting.
IBAT then drops through the consolidation zone to the $0.002250 significant level. This gives the market a chance to expand its buying base at a lower price level. The coin is set for a rally after this stage.
IBAT/USD Medium-Term Trend: Bullish (15-minute chart)
Although due to the pullback to the $0.002250 significant level, the EFI (Elders Force Index) line has dropped into a negative value, it has made a sharp upturn to rise back to the equilibrium level. The EFI power line on the 15-minute chart is close to entering a positive zone as more buyers show signs of interest in investing in the market.
The Stochastic Oscillator lines are at the oversold border on the 1-hour chart, while they are closer to the overbought border on the 15-minute chart. This is due to the ongoing price increase. The market is expected to breakout strongly upward after this phase. The coin is predicted to rise as high as $0.003550.
Battle Infinity has huge potential for unusually massive returns. Buy IBAT
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