Battle Infinity (IBAT) Retesting the $0.003816 Supply Value
Login

Battle Infinity (IBAT) Retesting the $0.003816 Supply Value

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Battle Infinity (IBAT) Price Forecast: October 20
The IBATUSD pair will likely face the next positive move soon as the current price at $0.003431 trades in the oversold region. With the look of things, the price may possibly reverse and go higher to retest the $0.003816 previous high provided the bullish rally received a strong push; the coin price may extend to the $0.0400
supply level.

Key Levels:
Resistance Levels: $0.004700, $0.004800, $0.004900
Support Levels: $0.003400, $0.003300, $0.003200

IBAT (USD) Long-term Trend: Bearish (1H)
Battle Infinity is bearish in its long-term outlook. The price now trades in a bearish market due to the interference from the bears.
The IBATUSD pair will likely face the next positive move soon as the current price at <img fetchpriority=.003431 trades in the oversold region." width="653" height="804" data-lazy-src="https://learn2.trade/wp-content/uploads/2022/10/IBATL2T-LNT-9.png"/> The price finds a reliable resistance at around the $0.003630 level as 1-hourly chat opens today which resulted in intraday gains for the bulls.

The momentum was lost as the market responded to the shift in trend when the price was dumped to a low at $0.003431 by the sell traders. However, with this trend, traders may buy the coin at a low price and move the market higher.

Now, if the price on the 1-hourly chart closes above $0.005500, then there is a high probability of the price going up to its recent swing high, which is $0.003816.

The pair has fallen below level 25 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.

Hence the upcoming bullish correction may rally up to a $0.2000 high mark in the days ahead in its long-term outlook.

IBAT (USD) Short-term Trend: Bearish (15 Minutes)
The momentum on the lower time frame (15-minute) is undeniably bearish. The prices are below the moving averages, which means it’s in a bearish market.
The IBATUSD pair will likely face the next positive move soon as the current price at <img decoding=.003431 trades in the oversold region." width="653" height="804" data-lazy-src="https://learn2.trade/wp-content/uploads/2022/10/IBATL2T-MDT-9.png"/> Today, as an outcome of low bullish momentum, the price action of IBATUSD dropped down to a low at $0.003412 level below the moving averages on the lower time frame. Meanwhile, buyers can join the buy investors at the present and buy the coin at a lower price for more future gains.

Also, the current price correction at the $0.003423 supply value indicates that the bulls are trying to resume the uptrend move to dominate the market.

Further, continuation to the north is likely as the market is now oversold. So we can expect the buy traders to hit the $0.02000 resistance level as the journey up north continues in its short-term outlook.

Battle Infinity has huge potential for unusually massive returns. Buy IBAT here

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News