Battle Infinity Market Forecast: Battle Infinity Gains Strength to Break out of Consolidation
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Battle Infinity Market Forecast: November 4
Battle Infinity market forecast is for the coin to begin to make a strong upward push after it finally gains enough momentum to break out of consolidation.
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 has completed another successful price accumulation. This is so because the price has gained enough momentum to break out of the long-drawn consolidation. This takes place on the 4th of November. The first time the price also successfully underwent price accumulation and led to a huge breakout was from the 10th to the 16th of October.
Battle Infinity Market Forecast: IBAT/USD Outlook
After IBAT failed at $0.003823, the market immediately weakened and needed revival. It can be seen that the price tested several levels as it dropped. No key level provided the needed support until its former consolidation zones.
The market was immediately confined between $0.003262 as resistance and $0.002978 as support. The price accumulation lasted for almost 2 weeks, from the 22nd to the 4th of November.
Finally, the coin breaks. Before the coin breaks out, the MA Cross lines made an upward cross closer to the support line, after which the market goes long and breaks the consolidation zone resistance.
IBAT/USD Medium-Term Trend: Bullish (15-minute chart)
The MACD (Moving Average Convergence Divergence) lines have risen high above the zero level on the 1-hour chart to show the bullish strength that price accumulates to break out of its ranging pattern. The line is accompanied by bullish histogram bars.
The 15-minute chart shows that there was a brief spike downward as the sellers wanted to retaliate immediately. However, the market strength keeps it firmly above the former resistance level, although the spike affects the MACD line movement. IBAT is expected to grow from strength to strength till it reaches $0.003823.
Battle Infinity has huge potential for unusually massive returns. Buy IBAT
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