Battle Infinity Market Forecast: More IBAT Buyers Will Hop on the Market at a Lower Price Level
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 1
The Battle Infinity market forecast is for more buyers to have the opportunity to enter the market at a lower price, which will eventually help the market push back up.
IBAT/USD Long-Term Trend: Bullish (1-Hour Chart)
Key Levels:
Supply Zones: $0.002620, $0.002420, $0.002250
Demand Zones: $0.002190, $0.002070, $0.002000
For the second time in two weeks, the Battle Infinity market is dropping below the $0.002355-$0.002250 support level, giving more opportunity for buyers to hop into the market. This is another strategy to eventually push the market above the weekly resistance level at $0.002620, breaking out of consolidation.
Battle Infinity Market Forecast: IBAT Is Strongly Bullish
As the market battles to force its way out of consolidation. The price has always been based on the $0.002355 demand zone, which extends to $0.002250.
However, once the market plunged on the 22nd of November, it dropped past $0.002250. This allows buyers to increase their firepower. The result is a powerful strike at the resistance level.
The coin is now repeating a similar trick with the anticipation that this will breach the supply line. The Parabolic SAR (Stop and Reverse) line above the candles is due to the plunge in the price.
IBAT/USD Medium-Term Trend: Bullish (15-minute chart)
The MACD (Moving Average Convergence Divergence) lines on the 1-hour and 15-minute charts have equally plunged below the zero level. Though the scantiness of the bearish histogram bars on both time frames is a sign that the plunge of the market is not definite and the coin has a huge tendency for a reversal at any time.
The Parabolic SAR (Stop and Reverse) dots are still majorly above the candles even on the 15-minute chart due to the plunging of the market. The reverse is set to take place anytime soon, in which the market is anticipated to rise aggressively toward the $0.002620 resistance level.
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.
