Battle Infinity (IBAT) Looks For an Upside Reversal

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Battle Infinity (IBAT) Price Forecast: November 5
IBATUSD is now trading above the supply trend line.  Battle Infinity (IBAT) Looks For an Upside Reversal . The coin price may possibly pull back to resistance after updating the lows. Therefore, once the coin price gave an hourly candle closing above the $0.003341 high mark, the coin holder may witness a $0.02500 hit supply.

Key Levels:
Resistance Levels: $0.004500, $0.004600, $0.004700
Support Levels: $0.003100, $0.003000, $0.002999

IBAT (USD) Long-term Trend: Bullish (1H)
The IBATUSD pair 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 as the time for a pullback is near, which means the selling pressure will soon be exhausted.
IBATUSD is now trading above the supply trend line.  Battle Infinity (IBAT) Looks For an Upside ReversalEarlier today, the coin price has been moving in directional high highs and high lows until it reached the $0.003341 resistance trend line above the two EMAs. Dropping the price of Battle Infinity by sellers to a low at $0.003178 value above the moving averages afterward indicates that the traders are actively buying at this level.

However, after a directional drop in a coin price, there is usually a resumption of a prevailing rise in the market.

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, there is likely going to be a price rejection any moment from now, if this is achieved, 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: Bullish (15 Minutes)
The IBATUSD pair remains in an uptrend market zone in its lower time frame despite the moves from the short traders. Crypto is now finding its way up again as the bulls are gradually staging a return to the market.
IBATUSD is now trading above the supply trend line.  Battle Infinity (IBAT) Looks For an Upside ReversalThe price action at the $0.003185 supply mark shows that the bulls are coming in gradually to dominate the market. Hence, if buyers should trigger their actions and close the hourly chart above the $0.003350 previous swing high, any further bearish theory will be offset.

Meanwhile, there is a possibility of price reversal as the coin market is about to complete its dumps as indicated by the daily stochastic. This will compel the emergence of the buy investors to resume the bullish correction pattern soon.

This upcoming price jump may likely grow to reach a $0.1000 high mark 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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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.