Battle Infinity (IBAT) Price Forecast: October 13
IBATUSD is now facing the positive side while making new corrections. The price tested the multiple resistance zones near $0.003106 and we expect a swift increase to follow soon. The coin might jump towards the $0.3000 supply level amid renewed buying momentum if the sell traders reduce their tension in the market.
Key Levels:
Resistance Levels: $0.004500, $0.004600, $0.004700
Support Levels: $0.003100, $0.003000, $0.002900
IBAT (USD) Long-term Trend: Bullish (1H)
On the chart below we can see that the price of Battle Infinity has an uptrend and is traded in an uptrend channel as well, however, this will enable the buy traders to enter with low risk.
Therefore, if the bulls increase their tension in the market, the price tendency will move above the $0.007000 supply key levels.
Hence, continuation to the upsides is sure as the momentum signals point upwards indicating an uptrend. So, we could expect the bullish pattern to reach the $0.200 high mark soon in its higher time frame.
IBAT (USD) Short-term Trend: Bullish (15- Minutes Chart)
The IBATUSD pair continues in its bullish move in the short-term outlook. The bulls actually caused a rise to a $0.003126 high level after which the short traders returned briefly and dropped the coin price down to a low at $0.003083 value above the moving averages shortly after the 15-minute session opened today.
There is a higher probability of the price breaking up its resistance level of $0.006451 and going up much further.
Next, the coin is pointing upwards on the daily stochastic. It indicates that the price of Battle Infinity is in an uptrend. With this trend pattern, the price action may possibly reach a high of $0.0200 level and beyond as we watch the market in a bullish scenario in its lower time frame.
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