Battle Infinity (IBAT) Price Forecast: December 22
The Battle Infinity (IBAT) price is presently on the positive side and has the potential for a bullish continuation. The coin price may likely move higher above the current resistance level if buyers should triple their efforts to forecast a bullish increase in the market above the $0.001744 resistance level, the $0.02000 upper high level may be retested.
Key Levels:
Resistance Levels: $0.002200, $0.002300, $0.002400
Support Levels: $0.001700, $0.001600, $0.001500
IBAT (USD) Long-term Trend: Bullish (1H)
The IBATUSD pair is in a bullish market zone in its long-term outlook. Buyers are hindering the market from smashing through the support zones.
After completing the downside movement at the $0.001693 support value, the coin price found a reliable resistance at the $0.001722 above the supply trend lines as the 1-hourly session resumes today: evidence of bullish recovery and growth in bullish momentum. Thus, this bullish pattern will encourage further recovery and might possibly breach the $0.001744 supply level.
In addition to that, the daily stochastic also indicates an uptrend. Therefore, if the coin buyers could sustain the price above the $0.001750 high mark and close a candle above the mentioned resistance level, a potential buy signal will be clarified.
As a result, the price could pump or surge upsides to hit the $0.02000 resistance value soon in its long-term outlook.
IBAT (USD) Short-term Trend: Bullish (15-Minutes)
Due to the high bullish impact, the market value of the IBATUSD pair in the lower time frame (15 minutes) is seen above the moving averages. This means that the pair is in a bullish trend.
Today, the coin made an upward move to the $0.001722 supply mark above the moving average lines indicating a more bullish impact on the crypto. Thus, a further increase in the buying pressure may likely prolong the ongoing correction which might stop any bearish thesis in the future.
Hence, the IBATUSD price is likely to face more upside moves as indicated by the daily stochastic which is pointing upward. We can therefore expect the new shift in trend to reach a high at the $0.02000 trend mark soon in its lower time frame.
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