Battle Infinity (IBAT) Looks For an Upside Reversal

Azeez Mustapha


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Battle Infinity (IBAT) Price Forecast: September 6
IBATUSD is now trading above the EMA-50. The coin gave a bullish breakout from $0.005201, suggesting the buyers are making a recovery attempt. Thus, if the crypto’s price sustains above the $0.005235 high level, the potential rally could surge higher to hit $0.01000 and beyond.

Key Levels:
Resistance Levels: $0.005500, $0.005600, $0.005700
Support Levels: $0.004026, $0.003926, $0.003826

IBAT (USD) Long-term Trend: Bullish (1H)
Battle Infinity is displaying a bullish scenario in its long-term outlook as can be seen from the chart above. It also shows the impeding next big move in the price.IBATUSD is now trading above the EMA-50. The coin gave a bullish breakout from $0.005201, suggesting the buyers are making a recovery attempt.The coin price has walked a lateral path, trying to sustain above the $0.005148 support level.

The impulse move by the buyers up to a $0.005235 high level above the two EMAs earlier today after which the sellers intervened and smashed the price down to a low of $0.005019 level below the EMA-9 and above the EMA-50 indicates that the traders are actively buying at this level.

Meanwhile, the IBATUSD price is approaching the oversold region as shown by the price indicator; it means that the selling pressure is ending soon. As a result of that, the bullish race might possibly retest the $0.1000 resistance level in the coming days in its long-term outlook.

IBAT (USD) Short-term Trend: Bearish (15 Minute)
The market price of IBATUSD is currently trading in the bearish market zone. This is due to the inflows from the sell trades.IBATUSD is now trading above the EMA-50. The coin gave a bullish breakout from $0.005201, suggesting the buyers are making a recovery attempt.The price action at a $0.005232 supply level above the moving averages shortly after the opening of the 15-minute chart indicates a high buying level from the bulls. The momentum was lost while the bears smashed the price down to the current price at a $0.004973 low level. With this trend, investors can buy at a low price while moving the coin market forward.

Further, the pair is below the 20% range of the daily stochastic. It indicates that the market has reached the oversold region, and because of that the coin is swinging to the upside soon and the bulls may possibly retest the $0.1000 high level soon in its lower time frame.

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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