Battle Infinity Market Forecast: IBAT Will Drive Higher After Breaking the $0.0023840 Supply Level
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Battle Infinity Market Forecast – October 7
Battle Infinity market forecast is for the coin to eventually break the $0.0023840 barrier that has been hindering the market rally.
IBAT/USD Long-Term Trend: Bullish (1-Hour Chart)
Key Levels:
Supply Zones: $0.0023840, $0.0026420, $0.0034440
Demand Zones: $0.0022000 $0.0019030, $0.0015930
Battle Infinity earlier suffered rejection at the $0.003444 resistance level. This is due to a lack of depth in pushing past the barrier. As a result, the coin plummeted beyond the $0.0026420 support that kept it afloat. The price could not find stability at any price level till it landed at $0.0019030. The market immediately begins a rally but has to rise beyond a new resistance at $0.0023840.
Battle Infinity Market Forecast: IBAT/USD Outlook
IBAT kept testing the $0.003444 resistance all through September. By early October, the coin slipped downward after it failed to find a way past the resistance level.
The coin bypassed multiple key levels to reach the current support level which is at $0.0019030. This is a critical price level for the market, and Battle Infinity is taking full advantage of it to rebuild its campaign.
Very clearly, the RSI (Relative Strength Index) line touched the oversold sold border as the coin plummeted to $0.0019030. But significant changes in the market have also caused it to heave along an uptrend line.
IBAT/USD Medium-Term Trend: Bullish (15-minute chart)
On the 1-hour chart, the price has stretched the lower Bollinger Band by using it to spring itself upward. And on the 15-minute chart, the Bollinger Bands have squeezed on the candlesticks to show a form of consolidation. Therefore, we are expecting an upsurge soon from Battle Infinity.
The upward heaving of the RSI line is likewise evident on the 15-minute chart. The line is moving along an uptrend line. This is a reflection of what is happening directly in the market. The $0.0023840 resistance level remains, and IBAT will be looking to overcome it so that it can approach the former $0.003444 resistance level with greater confidence.
Battle Infinity has huge potential for unusually massive returns. Buy IBAT
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