Battle Infinity Market Forecast: IBAT’s Upward Trajectory Continues
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Battle Infinity Market Forecast – October 17
Battle Infinity market forecast is for the coin to violate the strong resistance layer for the second time of asking.
IBAT/USD Long-Term Trend: Bullish (1-Hour Chart)
Key Levels:
Supply Zones: $0.004025, $0.004667
Demand Zones: $0.003575, $0.00380
Battle Infinity has begun its long-awaited ascension from the $0.003575 support level. The coin faces a fresh challenge in trying to break through the supply zone that hangs just below the $0.004025 resistance level. The zone adds an extra layer to slow down the rise of the price. The market was instantly rejected as it tested the zone. Nevertheless, the bulls have more than enough in the tank to ease themselves through.
Battle Infinity Market Forecast: IBAT/USD Outlook
The market has been successfully converted from bearish to bullish at the $0.002316 demand level. The price is now rallying upwards, but it now encounters fresh challenges after bypassing a major resistance zone.
IBAT has tested the resistance zone once, however, all to no avail, and the coin merely droops downward. The bulls have earmarked the $0.003575 price level as a point to bounce back from.
We can expect the Battle Infinity market to bounce back strongly from $0.003575. The EMA period 50 (Exponential Moving Average) is acting as support below the 1-hour candlesticks.
IBAT/USD Medium-Term Trend: Bullish (15-minute chart)
The MACD (Moving Average Convergence Divergence) lines have risen above the zero level on their chart. Although bearish histogram bars have shown up due to the ongoing retracement in the market. It is, however, expected that there will be a switch-up again shortly as the price recovers.
The EMA period 50 has lined below the 15-minute candlesticks all day. It was at the $0.003080 demand level, bidding for it to move upwards, it remains even as support for the market now. The MACD lines, having dropped below the zero level, are now crossing upwards again as the price aims to break through the zone below $0.004025.
Battle Infinity has huge potential for unusually massive returns. Buy IBAT
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