Battle Infinity (IBAT) Price is on the Verge of Retracement

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Battle Infinity (IBAT) Price Forecast: November 7
The IBATUSD pair might finish the downward correction and start reversing soon.  Battle Infinity (IBAT) price is on the verge of retracement. This will be achieved if the bulls change their orientation and close the coin price above the $0.003415 high mark; the $0.03000 supply trend line might be the target.


Key Levels:
Resistance Levels: $0.004500, $0.004600, $0.004700
Support Levels: $0.003200, $0.003100, $0.003000

IBAT (USD) Long-term Trend: Bullish (1H)
The IBATUSD pair is displaying a bullish scenario in its long-term outlook as can be seen from the chart above. It also shows the impeding next big move in the price as the time for a pullback is near, which means the selling pressure will soon be exhausted.
Battle Infinity (IBAT) Price is at the Verge of RetracementThe coin price has been moving in directional high highs and high lows until it reached the $0.003350 resistance trend line above the two EMAs. Dropping the price of Battle Infinity by sellers to a low at $0.003307 value above the EMA-50 afterward indicates that the buy traders remain dominant in the market, and this will enable the bulls to influence the price tendency.

However, after a directional drop in a coin price, there is usually a resumption of a prevailing rise in the market.

Further, the pair has fallen below the 20% range of the daily stochastic. It indicates that the pair is now in the oversold region of the market and the selling pressure is likely to run to an end. We will now be looking into the emergence of buyers in the oversold region of the market.

As a result of possible price rejection and immediate reversal at this level, buyers might push the crypto’s price higher to a $0.03000 resistance mark in the coming days in its long-term outlook.

IBAT (USD) Short-term Trend: Bullish (15 Minutes)
The IBATUSD pair remains in an uptrend market zone in its lower time frame despite the moves from the short traders.
Battle Infinity (IBAT) Price is at the Verge of RetracementThe price action at the $0.003340 supply level above the EMA-9 as the 15-minute chart resumes today, shows that the bulls are still on top of the market at the present. Hence, if buyers should trigger their actions and close the chart above the $0.003440 previous swing high, any further bearish theory will be invalidated.

Meanwhile, there is a possibility of price reversal as the coin market is about to complete its dumps as indicated by the daily stochastic. This will compel the emergence of the buy investors to resume the bullish correction pattern soon. This upcoming price jump may likely grow to reach a $0.03000 high mark in the days ahead in its lower time frame

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.