Battle Infinity (IBAT) Remains Strong above the $0.001600 Supply Value

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Battle Infinity (IBAT) Price Forecast: December 29
The Battle Infinity (IBAT) pair remains strong above the $0.001600 supply value. Crypto is very likely to continue growing as we are seeing a bullish correction in place. Hence, a further increase in the bulls’ action may trigger the coin price up and break out the previous high at the $0.001631 mark, this may extend the price action to reach the $0.01000 resistance trend line and beyond.

Key Levels:
Resistance Levels: $0.002500, $0.002600, $0.002700
Support Levels: $0.001700, $0.001600, $0.001500

IBAT (USD) Long-term Trend: Bullish (1H Chart)
The IBATUSD market is in a bullish scenario as can be seen on the 1-hourly chart below. Sellers are troubled as the prices remain above the moving averages, confirming an uptrend.
Battle Infinity (IBAT) Remains Strong above the $0.001600 Supply ValueThe interference from the bulls in the previous action gave the pair an upper hand to remain above the supply trend lines.

Earlier today, after making a smooth ride up to a $0.001614 high mark, interaction from sellers drove the coin price down to a low at the $0.001596 value above the moving averages; this signifies that the buy investors still remain dominant in the market and are actually buying the coin.

However, the current price at the $0.001614 resistance level above the supply trend lines shows a power struggle at the overhead resistance trend line, resisting the start of another bear cycle.

Thus, should the bulls change their orientation and the buying pressure persists, the coin will possibly give a bullish breakout of the bearish pattern to retest the $0.002500 supply level, this may eventually lead the Battle Infinity price to the $0.01000 high mark in the coming days in its long-term perspective.

IBAT (USD) Short-term Trend: Bullish (15-Minutes Chart)
The currency pair is in a bullish race in the short-term outlook. Buyers also made an upward move to the $0.001610 resistance level before the end of yesterday’s session. This gave the bulls more strength to continue with the trend.
Battle Infinity (IBAT) Remains Strong above the $0.001600 Supply ValueThe bulls are not relenting, an increase in the price of IBATUSD to the $0.001614 supply value above the two EMAs as the 15-minute session opens today, shows that the buy traders are actually on top of the market at the moment, traders are hereby advised to seize the opportunity and buy the coin now to have more gains ahead as the pair remains strong above the resistance trend lines.

In addition, the daily stochastic remains in an upward direction. Hence, if the coin buyers manage to break the above the $0.002500 supply trend line, further bearishness will be invalidated and the Battle Infinity price might possibly hit the $0.01000 high value in the coming days 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.