Battle Infinity (IBAT) Potential Upswing to Retest $0.02000 Value

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Battle Infinity (IBAT) Price Forecast: October 8
IBATUSD is now set to retrace to a higher resistance mark. The coin gave a bullish breakout from $0.002389 suggesting the buyers are making a recovery attempt. Thus, if the crypto’s price sustains above the $0.006500 high level, the potential rally could surge higher to hit the $0.02000 supply mark and beyond.

Key Levels:
Resistance Levels: $0.004500, $0.004600, $0.004700
Support Levels: $0.002300, $0.002200, $0.002100

IBAT (USD) Long-term Trend: Bullish (1H-Chart)

Despite the move from the sell traders, the Battle Infinity price still trades in the bullish area, as seen from the chart below. The price bar is below the EMA-50, but slightly above the EMA-9, this implies that the bulls are still dictating the market actions and are in an uptrend.
IBATUSD is now set to retrace to a higher resistance mark. The coin gave a bullish breakout from $0.002389 suggesting the buyers are making a recovery attemptThe bulls drove the price high to the $0.002389 trend line, since the sellers are within the market, the price now dropped to a low at $0.002210 level above the EMA-9.

Hence, staying above the EMA-9 will make it capable for the buy traders to influence the price tendency. Thus, with this trend pattern, interested traders can join the train and buy the coin at a cheaper price for more intraday gains.

Further, more upsides are likely as the momentum indicator signaled an uptrend. It means that the price of IBATUSD will still rise further and the $0.02000 high mark might be the target in its higher time frame.

IBAT (USD) Short-term Trend: Bullish (15-Minute)
On the lower time frame, we can see from the chart below that the price of IBATUSD has an uptrend and is traded in an uptrend channel. Price is trading above the support of the price channel again. The price is approaching the retest of the $0.002449 supply value.
IBATUSD is now set to retrace to a higher resistance mark. The coin gave a bullish breakout from $0.002389 suggesting the buyers are making a recovery attemptActivities from the buy traders moved the coin price up to $0.002291 shortly after the 15-minute session opens. Exhaustion sets in while the sellers returned briefly and dumped the cost to the $0.002210 support value.

Meanwhile, the IBATUSD price was bound to witness a correction and stabilize excessive buying activity.

In addition, daily closing above the $0.005500 level could invalidate the bearish outlook and the price could rise up towards $0.02000 and beyond 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.