Battle Infinity (IBAT) Preparing for the Next Upward Race

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Battle Infinity (IBAT) Price Forecast: November 24
IBATUSD at the moment is trying hard not to fall by resisting the sellers. Battle Infinity (IBAT) Preparing for the Next Upward Race. In case the bulls’ pressure breaks up the resistance level of $0.002521, the coin price may increase further to a $0.04000 high trend line which indeed will be a turnaround for the coin holders.

Key Levels:
Resistance Levels: $0.002400, $0.002500, $0.002600
Support Levels: $0.002200, $0.002100, $0.002000

IBAT (USD) Long-term Trend: Bearish (1H)
IBATUSD is in a bearish trend market in its long-term view. It seems that the bulls are about to take over and push us higher. There are multiple possible targets at this point, but either way, the pair is on its way to the resistance area.
Battle Infinity (IBAT) Preparing for the Next Upward RaceThe bulls caused a rise to the $0.002272 high level below the two EMAs shortly after the 1-hourly chart opened today. This indicates that the buy traders are actively buying at this level to return fully into the market and are also ready to move the coin price further upward.

Hence, the market is pointing up in the oversold region; this will quicken the emergence of more buyers to move the price up to a significant level on the upside and this might hit the $0.04000 supply trend mark as the Battle Infinity market turn bullish soon in its higher time frame.

IBAT (USD) Short-term Trend: Bullish (15 Minutes)
The coin now trades in a bullish trend market in the short-term outlook. This is due to the high impact of long-term traders on the price flow.
Battle Infinity (IBAT) Preparing for the Next Upward RaceThe impulse move from the buy traders has really pushed the price up to a $0.002226 supply value above the EMA-9 approaching the EMA-50, shortly after the 15-minutes session opens today. This will enable the buyers to influence the price tendency.

The pair is pointing up in the oversold region at around level 60% of the daily stochastic: this indicates that the market selling pressure has ended. We now expect the price distribution to reach a high level of $0.04000 in the coming days 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.