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Battle Infinity (IBAT) Price Forecast: January 17
The Battle Infinity (IBAT) price is now facing the upsides after a series of bearish moves and with the look of things the bulls will push higher. The correction phase is due to the inflow from the bulls. Therefore, if the buy investors should add more strength to their inflows in the market and closes above the $0.001983 supply value, then we can go for a clean buy position.
Key Levels:
Resistance Levels: $0.002500, $0.002600, $0.002700
Support Levels: $0.001800, $0.001700, $0.001600
IBAT (USD) Long-term Trend: Bullish (1H)
In the chart below, we can see that the IBATUSD price has an uptrend and is traded in an uptrend channel, so we have to look for support levels or key setups, which will enable us to enter the trade with low risk. Prices are above the EMA-9 and have confirmed a bullish momentum breaking the previous high at a $0.001830 level.
The coin was able to reach a high of $0.001981 level in the previous action and has enabled the price to remain in an uptrend.
The crypto rebounded from the $0.001811 support level with a pin bar hammer candle to the $0.001833 resistance mark above the EMA-9 as the 1-hourly chart begins today. This indicates a genuine reversal which may attempt the $0.001983 breakout.
In addition, the market value of IBATUSD is pointing up on the daily stochastic, this means a bullish continuation. From the look of it, it will keep growing and the $0.02000 supply value and above might be the target in the days ahead in its long-term outlook.
IBAT (USD) Short-term Trend: Bullish (15-Minute)
Battle Infinity’s price is in a bullish market zone in its lower time frame. Further, the price is gathering momentum and has decided to face the upsides to achieve more gains. The bulls made a successful breakout to the $0.001882 high level during the previous session and sustained it.
Today, the coin made a comeback upward move to a $0.001833 high level above the moving average lines as an indication of more active buyers coming back into the market to push the crypto further to the upsides.
Further, the price of IBATUSD is now facing resistance at the $0.001833 level above the two EMAs, this means that the bulls are coming stronger and we can be assured of more upsides for a potential buy soon.
In a like manner, it is now expected that the buy investors will push the coin up to a significant level above the key areas in the nearby days. In this case, the price might go higher to a $0.02000 high level in its lower time frame.
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