Battle Infinity (IBAT) Price Forecast: September 23
IBAT/USD price will most likely continue its bullish correction and the price could go higher and hit the $0.008500 resistance level, if the price is able to break up the $0.004258, then we can expect a good upside momentum up to $0.01000.
Resistance Levels: $0.004500, $0.004600, $0.004700
Support Levels: $0.002550, $0.002440, $0.002330
IBAT (USD) Long-term Trend: Bearish (1H)
Battle Infinity portrays a bearish market trend in its long-term outlook. The price responded to the shift in the market structure and is currently below the moving averages.
IBATUSD on the 1-hourly chart is currently facing resistance and trading at the $0.002903 correction level. Therefore, if the bulls increase their tension in the market, the price tendency will move above the key levels.
Market price reversal at level $0.002903 indicates that Battle Infinity’s investors are active and ready to move the price up to a significant level at the upside. Further, the rising prices reclaimed more confirmation for bullish recovery.
In addition, the daily stochastic indicates an upward trend, this means that the buying investors may likely continue with the bull run and the target may be the $0.01000 resistance level soon in its long-term outlook.
IBAT (USD) Short-term Trend: Bullish (15 Minute)
The currency pair’s orientation trades in a bearish market in its short-term outlook. The price bar is seen below the moving averages.
Despite the interactions from the short traders, the bulls caused a rise to a $0.003096 high level after which the sell traders moved briefly and dropped the price down to a $0.002872 low level as the 1-hourly chart opens today. Thus, the buyers need to add more pressure to their activities to move the market beyond the current price level.
However, the price of Battle Infinity may possibly rise further if the current support level at $0.002872 holds. The price action may head to $0.01000 supply level and beyond in its lower time frame.
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