Battle Infinity (IBAT) Price Retracement May Surge above $0.04000 Resistance Level

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Battle Infinity (IBAT) Price Forecast: October 3
IBATUSD price will most likely reverse and pull back to resistance after updating lows. If the price makes a retest at a $0.003389 high mark, then the price may jump up to hit the $0.04000 trend line and beyond.

Key Levels:
Resistance Levels: $0.005000, $0.005100, $0.005200
Support Levels: $0.003300, $0.003200, $0.003100

IBAT (USD) Long-term Trend: Bearish (1H)
Battle Infinity is bearish in its long-term outlook. The price responded to the shift in the market structure and is currently trading below the moving averages.
Battle Infinity is bearish in its long-term outlook. The price responded to the shift in the market structure and is currently trading below the moving averages.The bulls made a ride to a high at $0.003320 level above the moving averages, the bulls lost speed while the sell traders returned and dumped the price to a low at the 0.003082 support value below the two EMAs.

Thus, the price will still go up if the bulls should add to their tension in the market. The buy investor can join the buyers and buy the coin now at a lower price so as to have more gains later.

Meanwhile, it is expected of the IBATUSD price to retrace from the $0.003082 low level to a higher resistance mark as the coin market is oversold already. We now expect the crypto’s price to reach the $0.04000 high mark in the coming days.

IBAT (USD) Short-term Trend: Bullish (15 Minute)
The market value of IBATUSD on the lower time frame (15 minutes) now trades in the bullish trend zone. This is a result of high turnover from the buy investors.
Battle Infinity is bearish in its long-term outlook. The price responded to the shift in the market structure and is currently trading below the moving averages.The price which now trades at the $0.003197 supply mark is an indication that the bulls are actively buying the coin at the moment. This will eventually make the coin gain more strength and push higher.
More upsides are certain as the price indicator shows that the price of Battle Infinity is in an uptrend. It is expected that the coin hit $0.04000 at the high side soon as the market remains bullish.

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.