IBATUSD: Price Heading Towards $0.2000 Supply Level

Updated: 05 July 2024

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Battle Infinity Price Prediction for Today, 1st of September:

IBAT/USD, having finished the downward correction the coin might likely resume the upside move if all the current support holds. Further increase in the bulls’ pressure may break up the $0.005510 supply level and this may swing the price up to a $0.2000 high level.

Key Levels:
Resistance Levels: $0.005600, $0.005700, $0.005800
Support Levels: $0.004900, $0.004800, $0.004700

IBAT (USD) Long-term Trend: Bullish (1H)
Battle Infinity is in a bullish market zone in its higher time frame, as seen from the above chart. The price is currently recovering and trades above the EMA-50. This price pattern is quite well known for trend reversal and may assist IBATUSD buyers in resuming the prior recovery.
The buyers pushed the price of IBATUSD up to a $0.005510 high level above the moving averages after which the short traders returns briefly and drop the price of the coin down to a $0.005324 low level as the 1-hourly session opens today.

The current price level now trades above the EMA-50. Thus, a possible breakout from the $0.005510 neckline will accelerate the buying momentum and push the prices higher to hit the 0.1000 resistance level.

Additionally, the price of Battle Infinity has reached the oversold region, the buy traders are expected on the trend line to push the price of the coin higher above the mentioned resistance level in the days ahead in its higher time frame.

IBAT (USD) Short-term Trend: Bearish (15-Minute)
The short traders are now involved in the order flow in its short-term outlook. This is a result of low bullish outcomes.
Despite the interference from the sell traders, the buyers caused a rise in the price of IBATUSD to a $0.005450 high level above the two EMAs after which the bears took in and dropped the price down to a $0.005271 low level.

Next, its worth of note that the market price momentum indicates an uptrend as indicated by the daily stochastic pointing up in the oversold region. This means that the bulls will emerge soon and take the price up and the $0.2000 supply level might be the target in the coming days in its short-term outlook.

Battle Infinity has huge potential for unusually massive returns. Buy IBAT here.Related