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Battle Infinity (IBAT) Price Forecast: January 18
Battle Infinity (IBAT) price will rise further as it is well on its way to the resistance. The recent market structure points to a rise in the near future. The vital resistance for the coin is found near the $0.001840 supply zone. However, the price can go higher if the current support at $0.001811 value holds and the bulls should put in more aggressive efforts, the price may possibly reach a $0.01000 high level and beyond.
Key Levels:
Resistance Levels: $0.003500, $0.003600, $0.003700
Support Levels: $0.001900, $0.001800, $0.001700
IBAT (USD) Long-term Trend: Bearish (1H)
The IBATUSD pair trades in the bearish trend zone in its long-term outlook. The intervention from the sell traders actually slows the pressure from the bulls down. Notwithstanding, the bulls are not relenting and preparing for the next uptrend.
The intervention of the bears to the $0.001793 support value in the previous trading section has led to the bearishness of the crypto.
After completing the low dips, the bulls made a corrective move to the $0.001840 resistance mark, indicating a recovery attempt by the coin buyers. Based on the outlook, should the bulls push higher and close above the $0.001983 high mark, a bullish breakout confirmation will reflect the improved market sentiment.
Additionally, the Battle Infinity price may likely continue in the same bullish trend as the market is pointing up on the daily stochastic. So, the price could be ready very soon for a bullish pattern continuation. In this case, a significant level above the $0.01000 supply trend line might be the target soon in its higher time frame.
IBAT (USD) Short-term Trend: Bearish (15-Minute)
The market price of IBATUSD indicates a downward trend with a bearish sentiment in its short-term perspective. The coin is trading below the two EMAs. However, the market is presently facing resistance at the recent high.
The bulls caused a rise in the coin price to a high at the $0.001890 level after which the sell traders returned the price to a low at the $0.001814 support level.
The coin reacted to the market activities and currently trades in a green candle at the $0.001836 correction mark. Doing so will offer a higher footing for buyers to prolong this recovery. Thus, closing the 15-minute session above $0.001983 will put the trade more on the buy side.
Hence, further upside is certain with the price pointing upwards on the daily stochastic. It is therefore expected that the buy investors will move the price action up and may likely hit the $0.01000 supply level soon in its higher time frame.
Battle Infinity has vast potential for unusually massive returns. Buy IBAT here
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