Battle Infinity Market Forecast: IBAT Pushes Above Resistance Trend-Line
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Battle Infinity Market Forecast: December 16
Battle Infinity price action has eventually crossed the bearish trend line. The market has retested the resistance trendline multiple times, from $0.002100 to $0.001580.
IBAT/USD Long-Term Trend: Bullish (1-Hour Chart)
Key Levels:
Supply Zones: $0.001960, $0.002030, $0.002100
Demand Zones: $0.001580, $0.001560, $0.001510
Battle Infinity bulls struck to break the resistance trend line on the 21st. The bulls surged from the demand level at $0.001510 to force through the resistance trend line.
Battle Infinity Market Forecast: IBAT/USD Outlook
The IBAT market was oversold on the 17th, as signified by the Williams Percent Range (Williams%R). This prompted a sudden rise in the price of Battle Infinity.
The fourth touch of the resistance trend-line lingered until the intraday candles rose above the resistance trend-line. The market has retraced to retest the same resistance trend line to create buying opportunities.
The resistance trendline has formed a confluence with the support level. The Williams % R is also currently indicating that the market is oversold. This is expected to fuel upward moves toward the $0.001960 supply level.
IBAT/USD Medium-Term Trend: Bullish (15-minute chart)
The Williams % R in the lower timeframe (15-minute chart) agrees perfectly with the higher timeframe (1-hour chart). The sync of the multiple timeframes showing oversold on the Williams % Range makes it safest to go long on the IBAT market.
The failure of the resistance trend line to hold shows the buyers have regained control of the market. Bulls are expected to ride to $0.001960 after utilizing the confluence of the trend-line retest and the key level.
Battle Infinity has huge potential for unusually massive returns. Buy IBAT
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