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Battle Infinity (IBAT) Price Forecast: November 16
IBATUSD is in a downward trend and it is likely to pull back to resistance after updating the lows.Should the coin price make a retest at a $0.003098 high mark and sustain above the $0.003500, the potential rally could surge higher to hit the $0.02000 trend line and beyond.
Key Levels:
Resistance Levels: $0.004500, $0.004600, $0.004700
Support Levels: $0.002700, $0.002600, $0.002500
IBAT (USD) Long-term Trend: Bearish (1H)
The market value of IBATUSD can be seen in a bearish scenario in its long-term outlook. This is due to interference from sell traders.
The bulls made a correction at the $0.002495 resistance level below the moving average lines shortly after the 1-hourly session opened today. This is an indication that the bulls are returning gradually for an increase in the coin price and to command Battle Infinity’s price actions. This will give room for the buy investors to influence the price tendency. Thus, a break above $0.002640 would intensify the buying pressure on the crypto.
Hence, the current correction phase may likely continue as the momentum indicator now points upwards in the oversold region, we can now expect the coin price to reach a significant level of $0.02000 supply trend line as the bulls continue with their bullish correction and remain dominant in its long-term perspective.
IBAT (USD) Short-term Trend: Bearish (15 Minute)
The inflows from the short traders also made the IBATUSD price trades in the bearish trend zone in its short-term outlook.
After a series of moves by sellers to a low at the $0.002465 level, the bulls successfully pulled back and moved the coin price up to the $0.002495 supply mark slightly below the two EMAs. An indication of the bulls’ return to the market to resume an uptrend. Should the bulls add more effort to their buying motives in the market; further selling pressure will be hibernated?
Meanwhile, further upsides are likely as the price signal is pointing upwards, this means that the upward rally will still continue and may likely hit the $0.02000 supply value soon in the lower time frame.
Battle Infinity has huge potential for unusually massive returns. Buy IBAT here
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