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Battle Infinity (IBAT) Price Forecast: August 30
IBAT/USD price is currently running a bullish race as the crypto is facing high pressure from the bulls. Conversely, if the coin prices sustain above the level of $0.005000, the bulls’ trend would continue upward and possibly hit the $0.4000 upper high level.
Key Levels:
Resistance Levels: $0.005500, $0.006000, $0.006500
Support Levels: $0.003326, $0.003226, $0.003126
IBAT (USD) Long-term Trend: Bullish (1H)
Battle Infinity turns positive today. The price is strongly trading in a bullish momentum in its higher time frame. This looks nice for the buying trader and signifies a buy signal. The price finds reliable resistance at around level $0.004768, resulting in intraday gains.
The crypto’s price rises to a $0.004807 supply level above the two EMAs after the recent threat of increasing. Moreover, the price pattern warns of prolonged buying with the double bottom forming in the long-term chart. So, should you avoid buying this hike?
Next, the underlying sentiment suggests an uptrend continuation in the coming days as indicated by the daily stochastic. It is expected of the buyers to push the price of IBATUSD further up to a significant level and in this case, the target might be a $0.4000 supply level in the higher time frame.
IBAT (USD) Short-term Trend: Bullish (15 Minute)
On the 15-minute chart, prices are above the moving averages and have confirmed a bullish momentum breaking the previous high. The pair is in a smooth uptrend as can be seen from the chart below.
IBATUSD is losing bearish momentum as it rises to a $0.004865 high level above the moving averages as the 15-minutes chart begins today. This is due to a high bullish impact on the market price.
Hence, Battle Infinity is showing more upside possibility as shown by the momentum indicator pointing up in the oversold region of the market; we can certainly expect more gains and strength from the coin. The pair may likely reach the $0.4000 resistance level in the days ahead in its lower time frame.
Battle Infinity has huge potential for unusually massive returns. Buy IBAT here
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