Battle Infinity Market Forecast: Battle Infinity Is Set to Bounce Back From a Dip
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 – November 9
Battle Infinity market forecast is for the price to bounce back from a dip that occurred after a significant increase in market volatility.
IBAT/USD Long-Term Trend: Bullish (1-Hour Chart)
Key Levels:
Supply Zones: $0.004025, $0.004667
Demand Zones: $0.003575, $0.00380
Having the price of Quant broken out of consolidation, the buy-side has been seeking an upward route for the price. However, after a short movement in a sideways direction, high waves of volatility hit the market as market forces tried to direct the coin in their direction. Then there was an initial upward surge, and as buyers were tired, the price crashed. Bulls have the opportunity to regain strength and execute a properly planned bullish move.
Battle Infinity Market Forecast: IBAT/USD Outlook
The Battle Infinity market slipped back into consolidation after its price could not cross the $0.003823 resistance level. The ranging movement began on November 23 and broke out on the 4th of November.
After the breakout, the price rests on the $0.003262 key level, waiting for an upward trigger. Both buyers and sellers began to pull the coin in their direction.
This leads to a lot of market volatility. An increase in them occurs in both directions, as shown by the rise of the ATR (Average True Range) line. Currently, the price is dipping as the bulls weaken.
IBAT/USD Medium-Term (15-minute chart)
On the 1-hour chart, the market first traded above the MA period 30 (Moving Average) with the upsurge, then quickly changed direction and fell at the same pace and is now trading below the Moving Average. However, in the shorter time frame, the MA period 30 has moved closer to the candles to aid it when it lifts.
Surprisingly, the ATR indicator in the short time frame shows that market volatility has decreased. This will allow the buyers to carry out a well-planned market intervention. More buyers will enter the market at the current low price and may ride the price up to around $0.003823.
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.
