Battle Infinity (IBAT) Potential for Bullish Rise

Updated:

Battle Infinity (IBAT) Price Forecast: August 24
IBAT/USD price will most likely continue its bullish run and the price could still go higher if the price is able to break up the $0.008562, then we can expect a good upside momentum up to $0.01000.

Key Levels:
Resistance Levels: $0.008686, $0.008786, $0.008886
Support Levels: $0.007078, $0.006078, $0.005078IBAT/USD price will most likely continue its bullish run and the price could still go higher if the price is able to break up the $0.008562, then we can expect a good upside momentum up to $0.01000.IBAT (USD) Long-term Trend: Bearish (1H)

Battle Infinity portrays a bearish market trend in its long-term outlook. The price responded to the shift in the market structure and is currently below the moving averages.

Today, the price was able to pull back and is taking the $0.007256 resistance near the EMA-9. More upsides are possible if it breaches the moving averages.

More so, the crypto is trading in the oversold region, under the influence of this market level, the coin should rise steadily soon and break up the previous high at $008356 level to reach the $0.01000 resistance level soon as we watch the crypto market turns bullish in the long-term perspective.

IBAT (USD) Short-term Trend: Bullish (15 Minute)IBAT/USD price will most likely continue its bullish run and the price could still go higher if the price is able to break up the $0.008562, then we can expect a good upside momentum up to $0.01000.The market value of IBATUSD on the lower time frame (15 minutes) at a $0.007325 supply level is seen slightly below the EMA-9. This creates an opportunity for the buy traders to buy the coin at a cheaper rate as the market turn bullish in the coming days.

Thus, Battle Infinity is pointing up in the oversold region of the momentum indicator, this indicates that the price of the crypto will still continue in an upward move, and in this case, the $0.01000 supply level may be the target 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.