IBATUSD: Threatening for the Next Upward Rally

Updated: 27 September 2022

Disclosure

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Battle Infinity Price Prediction for Today, 28th of September:
IBATUSD, 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 $0.003265 supply level and this may swing the price up to a $0.03000 high level.

Key Levels:
Resistance Levels: $0.004500, $0.004600, $0.004700
Support Levels: $0.002700, $0.002600, $0.002500

IBAT (USD) Long-term Trend: Bullish (1H)
Battle Infinity is in a bearish market zone in its higher time frame as can be seen from the above chart. The price is currently recovering and trades below the two EMAs. This price pattern is quite well known for trend reversal and may assist IBATUSD buyers in resuming the prior recovery.
The bulls pushed the price of IBATUSD up to a $0.003140 high level above the moving averages after which the short traders returns briefly and drop the price of the coin down to a $0.002915 low level as the 1-hourly session opens today.

Exhaustion sets in as the buyers returned the coin price to a new correction phase at the $0.003093 resistance value above the moving averages. This indicates a gradual rise in underlying bullishness and also offers a better possibility for price recovery.

Hence, the market price is pointing upwards on the daily stochastic; this implies that the price action of IBATUSD is in an uptrend, and in this case, the coin is liable to jump further and reach the $0.03000 supply level in the coming days in its long-term perspective as we watch the market remains bullish.

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 $0.003140 high level above the two EMAs after which the bears took in and dropped the price down to a $0.003010 low level.

Meanwhile, further downside is unlikely as the market is oversold already as shown by the stochastic. We can now expect a shift in trend to a high at $0.03000 trend line soon in the lower time frame.

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