Battle Infinity (IBAT) Price Forecast: December 1
With the look of things, it seems that the IBATUSD price may likely reverse at the current support level and break up the $0.002519 high level . Battle Infinity (IBAT) price will soon break up the $0.002519 resistance mark. If the buy traders should increase their tension in the market. The coin price might likely get to the $0.2000 supply level and beyond.
Key Levels:
Resistance Levels: $0.004500, $0.004600, $0.004700
Support Levels: $0.002336, $0.002236, $0.002136
IBAT (USD) Long-term Trend: Bearish (1H)
The momentum on the long-term outlook looks bearish but it is starting to turn bullish as can be seen from the chart now. The price of IBATUSD is currently trading at the resistance close to the EMA-9. So it seems likely that the bulls are about to take over and push us higher.
.002519 Resistance Mark" width="653" height="804" data-lazy-src="https://learn2.trade/wp-content/uploads/2022/12/IBATL2T-THUR-LNT.png"/>
Despite the interactions from the short traders, the bulls caused a rise to a $0.002519 high level above the resistance trend lines after which the sell traders moved in briefly and dropped the price down to a $0.002340 low value as the 1-hourly chart opens today.
Meanwhile, the current price at the $0.002369 supply mark shows a power struggle at the overhead resistance trend line, resisting the start of another bear cycle. This means that the bulls are returning to have the price actions at their disposal.
Thus, should the bulls change their orientation and the buying pressure persists, the Battle Infinity price will possibly give a bullish breakout of the bearish pattern to retest the $0.002519 supply level, this may eventually lead the coin price to the $0.2000 high mark in the coming days in its long-term perspective.
IBAT (USD) Short-term Trend: Bearish (15- Minutes)
The momentum on the lower timeframe (15 minutes) is undeniably bearish as can be seen from the chart above. .002519 Resistance Mark" width="653" height="804" data-lazy-src="https://learn2.trade/wp-content/uploads/2022/12/IBATL2T-THUR-MDT.png"/>
The buy trader made an increase to a $0.002517 high level shortly after today’s 15-minute chart opens. The interruptions from sellers now returned the price of Battle Infinity to a low at the $0.002341 support value below the moving averages.
The market price of IBATUSD is currently trading at the resistance level of $0.002379; this assures or confirms the bull’s return to the market.
The coin is oversold already and ready for an upward trend, with this intended action, the coin might likely reach a $0.2000 high level soon in its short-term perspective.
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