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Battle Infinity (IBAT) Price Forecast: December 31
The Battle Infinity (IBAT) price may likely break up the $0.001650 previous high level as the bulls took to drag the coin price to the overhead resistance. If the buy traders should increase their buying pressure and hold prices above the mentioned supply level, the crypto price might further extend to the $0.01000 high mark and beyond.
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 momentum on the long-term outlook looks bearish but it is starting to turn bullish as can be seen from the chart now. The price of IBATUSD is currently trading at the resistance close to the EMA-9. So it seems likely that the bulls are about to take over and push us higher. Activities from the sell traders in the previous action have made the coin price remain in a bearish trend.
Despite the interactions from the short traders, the bulls caused a rise to a $0.001612 high level after which the sell traders moved in briefly and dropped the price down to a $0.001562 low level as the 1-hourly chart opens today.
The momentum was lost and the buy traders couldn’t give up. The bulls’ in-road briefly and returned the price of Battle Infinity up to the $0.001568 supply level close to the EMA-9. The price is fetching some fresh buying interest as sellers seemed exhausted. This means that the long traders are coming gradually to stage a play in the market. Thus, buyers need to add more pressure to their activities to move the market beyond the current price level.
Meanwhile, the market is pointing up in the oversold region indicating a buy potential. This will now compel the long traders to emerge and push the market up to a significant level of the $0.01000 high mark and beyond soon in its long-term time frame.
IBAT (USD) Short-term Trend: Bearish (15- Minute)
The coin is in a bearish trend in its short-term perspective as can be seen from the chart below. This is due to the inflow from the short traders.
The buy trader made an increase to the $0.001612 supply level shortly after today’s 15-minute chart opens after which the short traders return to the market and dropped the price down to the $0.001563 low level below the moving averages.
The market price of IBATUSD is currently trading at the resistance level of $0.001568; this assures or confirms the bull’s return to the market.
The coin is oversold already and ready for an upward trend, with this intended action, the coin might likely reach a $0.01000 high level soon in its short-term perspective.
Battle Infinity has huge potential for unusually massive returns. Buy IBAT here
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