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Battle Infinity (IBAT) Price Forecast: November 19
IBATUSD pair may bounce off the support trend line at the $0.002406 value to resume its bullish trend. Thus, there is more likely for a rise in the coin price to test the resistance level of $0.002565, should the buy traders put more effort into their trading activities, the supply level of $0.002422 may not hold and it may be exposed to another resistance level of $0.02000 resistance mark soon.
Key Levels:
Resistance Levels: $0.004500, $0.004600, $0.004700
Support Levels: $0.002500, $0.002400, $0.002300
IBAT (USD) Long-term Trend: Bullish (1H)
Battle infinity is trading in a bullish market zone. The market price can be seen clearly above the EMA-9 approaching the EMA-50. It indicates that the price is in a bullish market arena.
Today, the buy traders push the price of IBATUSD up to a key level of $0.002422 in the resistance area above the EMA-9, an indication of an uptrend. The short traders overrode it and dropped the coin price to a low at the $0.002406 level. This trend will attract buyers and initiates a distribution above the supply zone.
Thus, should the bulls change their orientation and the selling pressure is hibernated, the coin price will possibly give a bullish breakout of the bearish pattern to retest the $0.002565 supply level, this may eventually lead the Battle Infinity price to the $0.02000 high mark in the coming days in its long-term perspective.
IBAT (USD) Short-term Trend: Bullish (15 Minutes)
From the short-term perspective, the bears are losing momentum, as the price of IBATUSD rises above the moving average lines. The currency pair’s orientation trades in a general bullish flow.
The coin market price was propelled higher by the bulls until it reached a new high of $0.002403 level above the moving averages at the time of writing this article. This is an indication that buyers are actively buying the coin at the moment.
Further upsides are certain as indicated by the price indicator pointing upwards, this means that a further rise in the market value of Battle Infinity is certain and this might likely get to the $0.02000 resistance mark in the days ahead in the lower time frame.
Battle Infinity has huge potential for unusually massive returns. Buy IBAT here
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