Battle Infinity (IBAT) Might Head to $0.02000 Supply Level

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Battle Infinity (IBAT) Price Forecast: December 24
The Battle Infinity (IBAT) price might head towards the $0.02000 supply level and is very likely to continue growing as we are seeing a bullish correction in place. The coin gave a bullish breakout from the $0.001620 level, suggesting buyers are making a recovery attempt. Thus, if the crypto’s price sustains above the $0.004500 high value, the potential rally could surge higher to hit the $0.02000 value and beyond.

Key Levels:
Resistance Levels: $0.002500, $0.002600, $0.002700
Support Levels: $0.001720, $0.001620, $0.001520

IBAT (USD) Long-term Trend: Bearish (1H Chart)
The IBATUSD price is in a bearish market in its long-term outlook. This is due to the order flow from the short traders. The current price can be seen below the supply trend lines.
Battle Infinity (IBAT) Might Head to $0.02000 Supply LevelThe interactions from the bears on the crypto in the previous action have made the coin market trade below the moving average lines.

Meanwhile, the coin has rebounded after its massive drops. The corrective move at the $0.001620 resistance value shortly after the commencement of the 1-hourly session today is a bullish recovery attempt that shows a power struggle at the overhead resistance trend line, resisting the start of another bear cycle.

Thus, should the bulls change their orientation and the buying pressure persists, the coin might possibly give a bullish breakout of the bearish pattern to retest the $0.001749 supply level, this may eventually lead to the hibernation of any further bearishness.

Hence, continuation to the upsides is likely as indicated by the daily stochastic which is in an upward direction. As a result of this, the forthcoming bullish pattern might head towards the $0.02000 high value in the coming days in its higher time frame.

IBAT (USD) Short-term Trend: Bearish (15-Minutes Chart)
The Battle Infinity price is in a bearish trend in its short-term outlook. This is due to the inflow from the sell traders. The coin has been making a lower low and lowers high in the previous action which has dropped the coin price below the supply trend lines.
Battle Infinity (IBAT) Might Head to $0.02000 Supply LevelAfter completing the downward moves, the bulls made a pullback at the $0.001621 high mark as the 15-minutes chart opens today. This shows that the bulls are ready to dominate the market. Thus, there is a higher probability of the price breaking up its previous resistance level of $0.001667 and going up much further.

Next, the IBATUSD market is pointing upwards in the oversold region of the daily stochastic. It implies that further selling pressure is unlikely at the moment. We will now be looking into the emergence of buyers in the oversold region of the market.

This bullish trend might possibly head towards the $0.02000 high value in the days ahead in its short-term perspective.

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.