Battle Infinity (IBAT) Price to Test $0.200 Supply Level


Battle Infinity (IBAT) Price Forecast: August 22

IBAT/USD price is in the right position to buy at the moment. However, Battle Infinity could still go higher if the buying crew increases its forces in the market. $0.200 in the upper high level might be reached.

Key Levels:
Resistance Levels: $0.008686, $0.008786, $0.008886
Support Levels: $0.007483, $0.007383, $0.007283

Battle Infinity Long-term Trend: Bearish (1H)
The IBAT/USD is trading in the bearish market zone. The coin has been having a series of higher highs in the previous actions. However, on August 17th, the IBAT price gave a bullish breakout at the $0.011444 resistance level.
Battle Infinity (IBAT) Price to Test $0.200 Supply LevelToday, with the price at a $0.007483 support value below the moving averages, buyers can buy at a cheaper price and move the price of the crypto upward.

Buyers must redouble their efforts to forecast a bullish increase in the market above the $0.008257 resistance level. Instead, as momentum continues to deteriorate, the sale will intensify.

Hence, the market is oversold already; this will quicken the emergence of the bulls to move the price up to a significant level the upside.

Battle Infinity Short-term Trend: Bearish (15 Minute)
The coin also trades in a bearish trend market in the short-term outlook. This is due to the interference of short-term traders in the price flow.
Battle Infinity (IBAT) Price to Test $0.200 Supply LevelThe impulse move from the buy traders has really pushed the price up to a $0.008524 high level above the moving averages shortly after the 15-minutes session opens today. This will enable the buyers to influence the price tendency.

The pair is pointing up in the oversold region at around level 5% of the daily stochastic: this indicates that the market selling pressure has ended. We now expect the price distribution to reach a high level of $0.200 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.