Battle Infinity (IBAT) Potential Upswing to Revisit a $0.01000 Supply Level

Azeez Mustapha


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Battle Infinity (IBAT) Price Forecast: September 27
IBATUSD is now set to retrace to a higher resistance mark. The coin gave a bullish breakout from $0.003910 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 $0.01000 and beyond.

Key Levels:
Resistance Levels: $0.004500, $0.004600, $0.004700
Support Levels: $0.003026, $0.002926, $0.002826

IBAT (USD) Long-term Trend: Bearish (1H)
The IBATUSD shows a high momentum V-shaped recovery from the $0.003058 support. Moreover, the prices have recently breached the $0.003185 resistance providing an entry opportunity for interested traders.
IBATUSD is now set to retrace to a higher resistance markThe buy traders made a ride to the $0.003265 supply value above the two EMAs after which the sell traders’ inflow now drove the price down to a low at $0.003051 support. Traders can invest in the coin at this moment and buy the coin at a cheaper rate for more intra gains ahead.

However, a high rejection at the current support reflects long traders having started booking their profits. Therefore, a daily candlestick closing above the $0.003051 mark is important to confirm a bullish breakout.

In addition, the price of Battle Infinity now trades in the oversold region, this will compel the buyers to emerge and swing the price up and this may possibly reach the $0.01000 supply level in the coming days in its long-term outlook.

IBAT (USD) Short-term Trend: Bearish (15 Minute)
The market price of IBATUSD is currently trading in the bearish market zone. This is due to the inflows from the sell trades.
IBATUSD is now set to retrace to a higher resistance markThe price action at a $0.003500 supply level above the moving averages shortly after the opening of the 15-minute chart indicates a high buying level from the bulls.

Exhaustion sets in, and the momentum was lost while the bears smashed the price down to the current price at a $0.003051 low level. With this trend, investors can buy at a low price while moving the coin market forward.

Further, the pair is below the 20% range of the daily stochastic. It indicates that the market has reached the oversold region, and because of that the coin is swinging to the upside soon and the bulls may possibly retest the $0.01000 high level soon in its lower time frame.

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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.

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