Battle Infinity (IBAT) Price Setting up for the Next Uptrend

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Battle Infinity (IBAT) Price Forecast: November 23
IBATUSD price may possibly resume an uptrend to break up the $0.002521 supply value.  Battle Infinity (IBAT) price setting up for the next uptrend. Should the bulls increase their buying power and close a daily candlestick above the mentioned supply level, a further bearish thesis will be invalidated. The next bull cycle may likely reach the $0.02000 high trend line.


Key Levels:
Resistance Levels: $0.002500, $0.002600, $0.002700
Support Levels: $0.002300, $0.002100, $0.002000

IBAT (USD) Long-term Trend: Bearish (1H)
Battle Infinity is in a bearish trend market zone in its long-term outlook. This is due to the inflow from the sell traders.
Battle Infinity (IBAT) Price Setting up for the Next UptrendThe bulls however made an increase to a $0.002441 high level earlier today after which the sellers intervened and smashed the coin price down to a low of $0.002257 level below the moving averages. With this current trend, buyers can pick up the price at a lower rate and move the market further up. Therefore, if the bulls increase their tension in the market, the price tendency will move above the key levels in the supply area.

In a like manner, IBATUSD is likely going to reverse and face the upsides soon as the market is trading below the 10% range of the daily stochastic; it means that the selling pressure will end soon. This will compel the buy traders to resume an uptrend and may likely break up its previous swing high of $0.002521 level and this may hit the $0.02000 resistance mark soon in its higher time frame.

IBAT (USD) Short-term Trend: Bearish (15 Minutes)
The cryptocurrency is in a bearish move in its short-term outlook. The bulls actually caused a rise to a $0.002434 high level after which the short traders returned briefly and dropped the price of the IBATUSD down to a $0.002311 low level below the moving averages shortly after the 15-minute session opened today.
Battle Infinity (IBAT) Price Setting up for the Next UptrendThere is a higher probability of the price breaking up its resistance level of $0.002278 and going up much further.

Next, the coin has fallen below level 5% of the daily stochastic. It indicates that the pair is now in the oversold region of the market. It implies that the selling pressure is likely to run to an end. We will now be looking into the emergence of buyers in the oversold region of the market. The price action may possibly reach a high of $0.02000 level and beyond as we watch the market in a bullish scenario soon in its lower time frame.

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.