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Battle Infinity (IBAT) Price Forecast: August 31
IBATUSD is trading in a positive move. The price tested the multiple resistance zones near $0.005535 and we expect a swift increase to follow soon. The coin might jump towards the $0.009000 supply level amid renewed buying momentum if the sell traders reduce their tension in the market.
Key Levels:
Resistance Levels: $0.005500, $0.005600, $0.005700
Support Levels: $0.005700, $0.005600, $0.005500
IBAT (USD) Long-term Trend: Bullish (1H)
Battle Infinity is having a bullish posture in its long-term outlook as can be seen from the chart above. It also shows the impeding next big move in the price. The recent market structure has favored the bulls.
However, on the 1-hourly chart today, there is a broader recovery in the prices. The cryptocurrency jumped up to a $0.005535 supply level above the moving averages as the bulls took to their stand in the market.
The price hovers above the EMA-9 approaching the EMA-50 with high volatility indicating more active buying pressure among investors.
A strong breakup above the $0.005535 resistance level would strengthen the bullish outlook.
Meanwhile, the IBATUSD price has fallen below the 20% range of the daily stochastic, this will compel the bulls to resume the next upward move, and with this trend, the price may jump to a $0.00900 high level soon in its long-term outlook.
IBAT (USD) Short-term Trend: Bullish (15 Minute)
Right now, the price is struggling at a critical level, where any directional move will bring wild swing moves.
The market price of IBATUSD is currently trading at the resistance level of $0.005056 slightly below the EMA-9; this assures or confirms the bull’s gradual return to the market. The longer the price stays above the mentioned level, the more pressure builds up to reach a key significant level at the upside.
Additionally, the momentum indicator shows that the price signal is also moving upward in the market as we expect the price distribution to reach the $0.00900 supply level and beyond sooner in its short-term outlook.
Battle Infinity has huge potential for unusually massive returns. Buy IBAT here
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