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Battle Infinity (IBAT) Price Forecast: September 9
IBATUSD is now on its way to the resistance area. The price takes rejection on the pullback and faces the resistance at $0.004155. If the buy traders could push higher and the price sustains above $0.05500, then there is a higher chance that Battle Infinity bulls could drag the price up toward the $0.1000 supply level.
Key Levels:
Resistance Levels: $0.005500, $0.005600, $0.005700
Support Levels: $0.004026, $0.003926, $0.003826
IBAT (USD) Long-term Trend: Bearish (1H)
Battle Infinity’s price is in a bearish market trend in its long-term perspective. The coin price has walked a lateral path, trying to sustain above the $0.004527 support level. But the bulls won’t relent.
The moving averages have widened their gap, indicating that the bulls are regaining market strength.
The impulse move by the buyers up to a $0.004611 high level above the two EMAs earlier today after which the sellers intervened and smashed the price down to a low of $0.004100 level below the two EMAs indicates that the traders are actively buying at this level.
However, the current price rejection at $0.004162 is an indication that the buy traders have resumed continuing the upward move.
Also, the IBATUSD market is oversold; we are now looking at the emergence of the buy investors to push the price up and in this new trend, the price could reach a $0.1000 supply level and beyond soon in its higher time frame.
IBAT (USD) Short-term Trend: Bearish (15 Minute)
The momentum on the 15-minute chart shows a bearish move. This is a result of the short traders’ activities in the market. However, this is wiping away soon, because the market value of IBATUSD is oversold already, therefore the selling pressure is ending now.
Despite the inflows from the sellers, the buy traders were able to reach a high of $0.004310 above the moving averages after which the sellers’ inflow dropped the price down to a $0.004128 low value. Hence, buyers can buy the Battle Infinity at a lower price and move ahead for more gains in the latter days.
Similarly, further downsides are unlikely as shown by the daily stochastic pointing downwards in the oversold region, this will compel the bulls to resume the upswings soon and with this trend, the price may reach the $0.1000 supply level in its short-term outlook.
Battle Infinity has huge potential for unusually massive returns. Buy IBAT here
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