Battle Infinity (IBAT) Price Forecast: November 1
IBATUSD price will move higher above the current resistance level, if buyers should exert more force into the price action in the market, the $0.03000 high trend line might be retested. Thus a clear buy signal.
Key Levels:
Resistance Levels: $0.003500, $0.003600, $0.003700
Support Levels: $0.003200, $0.003100, $0.003000
IBAT(USD) Long-term Trend: Bullish (1H)
IBATUSD is in a bullish 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 looks quite bullish here.
The bulls caused a rise to the $0.003108 high level above the moving averages as the 1-hourly chart opens today. This indicates that the traders are actively buying at this level.
Hence, the market is pointing up in the oversold; 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 $0.03000 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 also 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.
The impulse move from the buy traders has really pushed the price up to a $0.003103 high level above the moving averages 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 45% 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 $0.03000 in the coming days in its lower time frame.
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