Battle Infinity (IBAT) Price Recovery Next Target is the $0.04000 Supply Mark

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Battle Infinity (IBAT) Price Forecast: November 14
 IBATUSD price is bound to move up and gain more strength if all the current support holds and the bulls should increase their momentum and break up the $0.003560 resistance trend line, the coin price may turn upsides and extend to a $0.0400 upper high level. Battle Infinity (IBAT) price recovery next target is the $0.04000 supply mark.

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)
The IBATUSD pair is trading in the bearish market zone. The coin has been having a series of higher highs in the previous actions. However, during yesterday’s session, the coin price gave a bullish breakout at the $0.003560 resistance level.

Battle Infinity (IBAT) Price Recovery Next Target is $0.04000 Supply MarkToday, after a series of low-dips by sellers, the current retracement by the bulls at the $0.002488 supply value below the two EMAs is an indication that the long investors are returning to the market to dominate it.

Buyers must redouble their efforts to forecast a bullish increase in the market above the $0.004500 resistance level. If this is achieved, $0.04000 may be the target in the days to come in its long-term perspective.

IBAT (USD) Short-term Trend: Bullish (15 Minute)
The coin now trades in a bullish trend market in the short-term outlook. This is due to the unrelenting efforts of buy traders in the price flow.
Battle Infinity (IBAT) Price Recovery Next Target is $0.04000 Supply MarkThe impulse move from the buy traders has really pushed the price up to a $0.002531 high level above the moving averages shortly after the 15-minutes session opens today. The brief return of sellers to the $0.002497 support level has no big effect on the price flow as Battle Infinity still remains strong above the supply trend line. This will enable the buyers to influence the price tendency.

The bulls made a correction at the $0.002488 resistance value; this signifies that the buy investors are still buying the coin and also aim to increase the coin price further.

Hence, the market is oversold already; this will quicken the emergence of the bulls to move the price up to a significant level of the upside. We now expect the price distribution to reach a high level of $0.04000 in the coming days in its lower time frame.

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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.