Battle Infinity Market Forecast: IBAT Is Putting Pressure on the $0.00360 Resistance Level
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Battle Infinity Market Forecast – November 1
Battle Infinity market forecast is for an imminent breakout from consolidation. this is anticipated as the price puts pressure on the supply line.
IBAT/USD Long-Term Trend: Bullish (1-Hour Chart)
Key Levels: Supply Zones: $0.003823, $0.003262
Demand Zones: $0.002978, $0.002249
The Battle Infinity market is closer to a breakout as the price pressurizes the consolidation resistance level. A breakout at this point would mean that the price accumulation which began on the 22nd of October lasted for 10 days. The buyers of the coin are expected to take advantage of the potential breakout.
Battle Infinity Market Forecast: IBAT/USD Outlook
The Battle Infinity market has resorted back to the current consolidation zone to regain the momentum to reach and break through the higher price levels.
The consolidation started on the 22nd of October and has lasted till now. However, the market is putting pressure on the resistance level and trying to force the price through it.
While the EFI (Elders Force Index) line remains at equilibrium, still showing consolidation. The MA Cross (Moving Average) has crossed upwards as the buyers put pressure on the supply line of the consolidation.
IBAT/USD Medium-Term Trend: Bullish (15-minute chart)
On the 15-minute chart, it is indicated that the market has been pushed up towards the $0.003262 resistance. From where they are constantly testing the resistance level. The undulation is now close to the resistance level and the MA Cross continues moving in a wavy pattern.
Meanwhile, the EFI indicator maintains that neither the bears nor the bulls currently control the market. With its line remains close to the equilibrium line. Quant buyers are expected to take advantage of the consolidation to drive the price higher, up to around $0.003823.
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