Join Our Telegram channel to stay up to date on breaking news coverage
IBAT/USD Price Prediction: August 22.
IBAT/USD will still go further if the current support at $0.008387 holds. For price prediction, the crypto’s price may continue its upside moves to a $0.500 high level, provided the buyers increase their actions in the market.
Key Levels:
Resistance Levels: $0.011444, $0.011454, $0.011464
Support Levels: $0.008314, $0.008214, $0.008114
IBAT/USD Long-term Price Prediction: Bearish (4H).
Analyzing the chart above, we can clearly see IBAT/USD is in a bearish market zone. The price currently trades below the two EMAs.
Today’s 4-hour bullish engulfing candle at $0.007380 above the moving averages confirms the bulls’ dominance in the market.
However, there are bullish signals above the level of $0.007380 which indicates a possible further increase in the market value.
Meanwhile, the pair has a target price of level $0.500 as it’s about to resume its uptrend to the upper resistance as indicated by the daily stochastic pointing up in the oversold region. The mentioned target might be tested in its long-term perspective.
IBAT/USD Short-term Price Prediction: Bearish (15-Minute)
The coin is in a bearish movement zone in its short-term outlook. This is due to the inflow from the sellers.
Just in after a few minutes of opening the 15-minutes chart, the bulls returned and triggered up the momentum up to the the$0.008719 resistance value above the moving averages. This will actually enable the pair to rise further.
If the IBAT/USD price sustains above the current resistance level, the resulting rally may surpass the $0.1000 level and hit the $0.0500 psychological level at the upside in the days ahead in the lower time frame. That is the price prediction for the market.
Battle Infinity has huge potential for unusually massive returns. Buy IBAT
Join Our Telegram channel to stay up to date on breaking news coverage
