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Battle Infinity (IBAT) Price Forecast: September 7
IBATUSD is now facing the positive side while making new corrections. The price tested the multiple resistance zones near $0.004553 and we expect a swift increase to follow soon. The coin might jump towards the $0.3000 supply level amid renewed buying momentum if the sell traders reduce their tension in the market.
Key Levels:
Resistance Levels: $0.005500, $0.005600, $0.005700
Support Levels: $0.004510, $0.004410, $0.004310
IBAT (USD) Long-term Trend: Bearish (1H)
IBATUSD is trading in a bearish market zone in its long-term perspective. The prices can be seen below the moving averages at the moment. However, this cannot stay long as the market is currently facing its correctional phase.
The bulls made an increase to a $0.004849 resistance level above the moving averages after which the sellers returned briefly and dumped the price to a low at the $0.004600 level.
As a result of price rejection at this level, there was an immediate reversal. Buyers move the price up again to a high at $0.004553 value as the buying pressure has just started. Buyers must redouble their efforts to forecast a bullish increase in the market above the $0.007500 level. Instead, as momentum continues to deteriorate, the sell will intensify.
From the look of things, further downwards may not likely be possible as the market is oversold already. The Battle infinity is gaining momentum now and may hit the $0.3000 supply level in the coming days in its higher time frame.
IBAT (USD) Short-term Trend: Bearish (15 Minute)
At the moment, the price of IBTUSD is struggling at a critical level. The price is now facing the upside approaching the moving averages.
The market price reversal at the $0.004515 supply value is an affirmation of bullish returns to the market and a possible next jump is likely. The longer the price stays far above the mentioned level, the more pressure builds up to reach a key significant level at the upside.
The Battle Infinity pair is below the 20% range of the daily stochastic. The market is in bearish momentum. The pound has fallen into the oversold region of the market. Buyers are expected to emerge and cluster around the market to push the price of the crypto forward.
Following this new trend, the price might possibly reach the $0.3000 resistance level in the days ahead in its lower time frame.
Battle Infinity has huge potential for unusually massive returns. Buy IBAT here
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