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Battle Infinity Price Forecast: IBATUSD Price at Possible Buying Opportunity (December 1)
In case the bulls should defend the selling pressure, an increase in the bulls’ momentum may break up the resistance level at $0.002504 and this may increase the IBATUSD price to a $0.1000 upper high trend line.
Key Levels:
Resistance Levels: $0.002500, $0.002600, $0.002700
Support Levels: $0.002300, $0.002200, $0.002100
IBAT (USD) Long-term Trend: Bullish (1H)
The IBATUSD pair remains bullish on the higher time frames. This is clear as we can see the price bar above the EMA-9 approaching the EMA-50.
It’s nice to see a strong buying reaction from the price at the $0.002350 supply mark where lots of contracts are accumulated as the 1-hourly session begins today.
If the coin price currently exchanges hands at the $0.002440 support mark, and with sustained buying pressure, it is likely to retest the $0.002519 supply zone which could result in intraday gains for the coin holders.
Hence, we have a bullish bias that the market value of Battle Infinity will rise further to the upside if the buying pressure should increase. Currently, the coin price is making a correction there may be a potential further rise in the coin market price and this may possibly retest the previous high at the $0.002538 resistance value soon.
We can as well see the momentum indicator pointing up, this means that the crypto may likely continue its bullish ride; we, therefore, expect the price distribution to hit a $0.1000 high mark soon in its long-term perspective.
IBAT (USD) Short-term Trend: Bullish (15-Minutes)
The IBATUSD pair is in a bullish momentum in its short-term view. The trend is rising and the price has not yet reached its goal.
The price distribution of the coin at the moment has risen to a $0.002364 high level which is above the moving average lines shortly after the 15-minute chart opens today, this indicates that bulls are gradually gaining access into the market at the present and may likely take over sooner. Thus, staying above the resistance trend lines will make it capable for the coin price to rise further.
Similarly, the price indicator which is also pointing upwards suggests that the Battle Infinity price might remain in an uptrend, and in that case, the $0.1000 upper resistance mark may be the target sooner in its short-term time frame.
Battle Infinity has huge potential for unusually massive returns. Buy IBAT here
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