Battle Infinity (IBAT) Price Recovery May Hit the $0.02000 High Level

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Battle Infinity (IBAT) Price Forecast: October 31
IBATUSD showed a bullish breakout and correction move towards the resistance trend line after updating the lows. If the bulls should add extra efforts to their actions, the coin price might possibly push higher to retest the previous high at the $0.003177 mark. This may eventually surge higher and extend to the $0.02000 supply trend line and beyond.

Key Levels:
Resistance Levels: $0.004500, $0.004600, $0.004700
Support Levels: $0.003500, $0.003400, $0.003300

IBAT (USD) Long-term Trend: Bearish (1H)
Battle Infinity is trading in a bearish market at the moment. The market facing the negative side is also waving at the resistance, so the bulls are also trying to resist the short traders from penetrating.
Battle Infinity is trading in a bearish market at the moment. The market facing the negative side is also waving at the resistanceAfter updating the lows, the bulls made an increase to a $0.003177 high value shortly after the 1-hourly session opens today, the momentum was lost while the bears now returned the price to a low at $0.003058 mark below the two EMAs. This is due to the inflow from the bears which will soon be invalidated.

Now, the bullish correction at $0.003083 returned the buy investors to the market to dominate and to push the IBATUSD price higher, this gives room for the buy investors to influence the price tendency.

Therefore, the current correction phase may likely continue as the momentum indicator points upward, we can now expect the price to reach a significant level at the $0.02000 supply trend line in its long-term perspective.

IBAT (USD) Short-term Trend: Bullish (15 Minutes)
The inflows from the long traders now moved the market price of IBATUSD to a bullish move in its lower time frame.
Battle Infinity is trading in a bearish market at the moment. The market facing the negative side is also waving at the resistanceAfter a series of moves by sellers to a low at the $0.003058 level, the bulls made a comeback at the $0.003084 supply value to resume the upward race. Thus, the price is likely to increase further if the bulls should add more effort to their buying motives in the market.

Hence, if the buy traders should push higher and the Battle Infinity’s price breaks above the $0.004800 resistance mark, the selling rally sentiment will be hindered and the following up hike could hit the $0.02000 high value in its short-term perspective.

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.