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Battle Infinity (IBAT) Price Forecast: October 25
IBATUSD is set to further the upward movement as the bulls are eager to push the coin price up to the next target. If the buying pressure persists, the crypto will possibly rise to retest the $0.003329 high mark and this may lead the post-correction rally to reach the $0.4000 upper supply trend line.
Key Levels:
Resistance Levels: $0.004500, $0.004600, $0.004700
Support Levels: $0.003100, $0.003000, $0.002900
IBAT (USD) Long-term Trend: Bearish (1H)
The IBATUSD pair is set to rise to the positive side on the 1-hourly chart as can be seen from the chart below. The price is below the moving averages as the short traders are now involved in the market actions, this means that the coin is in a bearish trend.
The price action is approaching the retest of $0.003329 high value but currently trading at the $0.003052 supply value below the two EMAs to prove that the bulls are actually buying the coin.
However, the buyers have been trying to sustain above $0.003500 flipped for the past two days, indicating an ongoing retest phase. The Battle Infinity price currently trades at the $0.003052 supply mark, with an intraday gain.
Meanwhile, continuation to the upside is likely as the price indicator now points up in the oversold region of the coin market. This means that the long investors will possibly continue the bullish correction pattern and the next target might be the $0.4000 resistance trend line soon in its long-term view.
IBAT (USD) Short-term Trend: Bearish (15 Minute)
The IBATUSD is bearish on the lower time frame. The short traders are trading the coin as well which makes the coin price trade below the supply trend line.
However, there is likely to be a change in the trend soon as the bulls will return soon to take charge of the market.
After a series of low dips, the bulls made a correction at a $0.003073 high value shortly after the commencement of the 15-minutes session today to indicate a strong possibility for a bullish reversal and a turnaround for the buyers.
The Battle Infinity price indicates an uptrend which means that the coin price is in a positive move and continuation to rise further is certain. We can now expect the potential bullish rally to increase to a $0.4000 high mark soon in its short–term perspective.
Battle Infinity has huge potential for unusually massive returns. Buy IBAT here
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