Battle Infinity Market Forecast: An Aggressive Price Increase Will Follow IBAT Consolidation
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Battle Infinity Market Forecast: December 5
The Battle Infinity market forecast is for the price to rise aggressively after completing its consolidation round.
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
Battle Infinity is primed for an aggressive price increase after it completes its current consolidation phase. This consolidation phase is part of a larger consolidation that has been ongoing since the middle of November. The price consolidation aims to generate momentum that the buyers are looking to take advantage of to break through the impervious zone around $0.002640.
Battle Infinity Market Forecast: IBAT/USD Outlook
Battle Infinity has branched out of its ongoing consolidation phase to a smaller one at a lower price level. The intention is to quickly generate momentum with lower-priced strokes.
The anticipation thereafter is that this will release the bulls to attack the price levels aggressively. The resistance zone around $0.002640 is expected to be breached in the price surge.
To fit around the current miniature candlesticks, the Bollinger Bands have reduced the space between their bands. This confirms the ongoing consolidation at a lower price level.
IBAT/USD Medium-Term Trend: Bullish (15-minute chart)
The Momentum indicator line is seen moving laterally on the equilibrium line. This signifies two things: firstly, the market is neither dominated by buyers nor sellers. It also indicates that the Momentum level is at a reduced level.
The market status as indicated by the 1-hour momentum indicator is also replicated in the 15-minute timeframe. The Bollinger Bands are also more tightly squeezed onto the market. It is expected that after a while, an aggressive surge will push the price toward its goal of $0.003262.
Battle Infinity has huge potential for unusually massive returns. Buy IBAT
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