Battle Infinity (IBAT) Retesting the $0.003816 Supply Value



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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 $0.003431 trades in the oversold region.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 $0.003431 trades in the oversold region.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

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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.