Battle Infinity (IBAT) Price May Likely Reverse at the $0.002486 Support Level

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Battle Infinity (IBAT) Price Forecast: November 15
The IBATUSD price may likely reverse and face the positive side should the bulls add extra effort and push higher, the coin price may possibly favor the bulls and break up the previous swing high at $0.002868. This may further extend to the $0.01000 supply mark and beyond. Battle Infinity (IBAT) Price May Likely Reverse at the $0.002486 Support Level

Key Levels:
Resistance Levels: $0.004500, $0.004600, $0.004700
Support Levels: $0.002400, $0.002300, $0.002200

IBAT (USD) Long-term Trend: Bearish (1H)
IBATUSD is in a bearish market in its long-term outlook. The price bar can also be seen below the moving average lines.
Battle Infinity (IBAT) Price May Likely Reverse at the $0.002486 Support LevelThe Battle Infinity price at the $0.002486 low level below the two EMAs as the 1-hourly chart opens today, is a result of the order flow from the bears, however, this will soon be invalidated as the selling pressure will soon be exhausted. Therefore should the bulls increase their swagger in the market, the price is poised to pump upside above the key resistance levels around $0.01000.

Also, the momentum indicator shows that the market is oversold already. This indicates that the selling pressure will end soon and the bullish reversal is imminent at the current support value. This implies that the bulls may likely resume the bullish correction pattern as a result of this, the price may hit the $0.01000 supply level and beyond soon in the higher time frame.

IBAT (USD) Short-term Trend: Bearish (15 Minute)
The market price of IBATUSD is currently trading in the bearish market zone in its lower time frame. The current price which now trades above $0.002486 is due to the gradual returns from the buy traders.
Battle Infinity (IBAT) Price May Likely Reverse at the $0.002486 Support LevelThe bulls made a correction at the $0.002504 supply trend line below the moving averages shortly after the 15-minute session opens today, this is an indication that the buy traders are now set to move the price of Battle Infinity up to the upside.

Further, the IBATUSD price is pointing upwards as indicated by the price indicator; it means that the buying pressure will continue. As a result of that, the bullish race might possibly reach the $0.01000 resistance level in the coming days in its short-term outlook.

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.