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Battle Infinity (IBAT) Price Forecast: December 23
The Battle Infinity (IBAT) is now facing the positive side with the aim to surpass the $0.002000 supply value while making new corrections. The price tested the multiple resistance zones near $0.001926 and we expect a swift increase to follow soon. The coin might jump towards the $0.01000 high mark amid renewed buying momentum if the sell traders reduce their tension in the market.
Key Levels:
Resistance Levels: $0.002500, $0.002600, $0.002700
Support Levels: $0.001700, $0.001600, $0.001500
IBAT (USD) Long-term Trend: Bearish (1H)
The IBATUSD price at the moment is in a downtrend in its long-term outlook. The bears caused a drop in the coin price to the $0.001900 support level as the low of the day during yesterday’s session and sustained it. This however made the crypto price fall into the bearish trend zone which will soon be hibernated.
After completing the downward moves, the bulls made a smooth ride to the $0.001926 green mark as the 1-hourly chart resumes today. This is an indication of more forces from the buy traders and bullish commitment.
Thus, the price action is approaching the retest of the $0.002000 high value but currently trading at the $0.001926 supply value to prove that the bulls are actually buying the coin.
Therefore, if the buy investors increase their tension in the market, the price tendency will move above the $0.002000 supply key levels.
Furthermore, continuation to the upsides is likely as the momentum signals point upwards indicating an uptrend. So, we could expect the bullish correction pattern to surpass the $0.002000 previous high and further extend to the $0.01000 high trend line soon in its long-term outlook.
IBAT (USD) Short-term Trend: Bullish (15-Minutes)
On the chart below we can see that the price of Battle Infinity has an uptrend and is traded in an uptrend channel as well, however, this will enable the buy traders to enter with low risk. The price bar can be seen above the EMA-9 approaching the EMA-50; evidence of bullish recovery and growth in bullish momentum.
Earlier today the coin buyers responded to the market after a series of downward moves in the previous action and break out from the support trend line to a high at the $0.001926 supply value above the EMA-9; this shows that buyers are actually on top of the market at the moment, traders are hereby advised to seize the opportunity and buy the coin now for an intraday gain.
In addition, further upsides are likely as the market is in an upward direction in the oversold region. This will compel the buy traders to continue the upward rally and this time around the bulls may likely surpass the $0.002000 supply level and beyond soon in the lower time frame.
Battle Infinity has huge potential for unusually massive returns. Buy IBAT here
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