Battle Infinity (IBAT) Spotted for the Next Bullish Rally

Updated:

Battle Infinity (IBAT) Price Forecast: September 1
IBATUSD is slightly in favor of the bulls. We can actually see a bullish reversal price action on the lower time and the price could be ready very soon for another upward move potential. However, a breakup at the $0.005600 resistance level will result in more gains for the bulls.

Key Levels:
Resistance Levels: $0.005600, $0.005700, $0.005800
Support Levels: $0.004600, $0.004500, $0.004400

IBAT (USD) Long-term Trend: Bullish (1H)
IBATUSD is having a bullish posture in its long-term outlook. The prices are above the moving averages and have confirmed a bullish momentum breaking the previous high.
IBATUSD is slightly in favor of the bulls. We can actually see a bullish reversal price action on the lower time and the price could be ready very soon for another upward move potential.The price finds reliable resistance at a $0.005510 high level after which the sell traders intervened and push the crypto down to a $0.005418 low level above the moving averages as the 1-hourly chart opens today, resulting in intraday gains.

This indicates an uptrend in the context of the strength of the market. Thus, a further rise is possible if the bulls should add more strength to their price action in the market.

Anyhow if the buying pressure sustains, the price may hit the $0.001000 resistance value as the market approaches the oversold region, this means that the selling pressure is about to end. We are now looking at the emergence of the bulls to begin the upward rally soon. The target might be $0.1000 and beyond in its higher time frame.

IBAT (USD) Short-term Trend: Bearish (15 Minute)
Here on the lower time frame, the Battle Infinity price is in a bearish market area. From here, the bears stepped in and pushed the market lower to a $0.005362 trading level.
IBATUSD is slightly in favor of the bulls. We can actually see a bullish reversal price action on the lower time and the price could be ready very soon for another upward move potential.The market price of IBATUSD is currently trading at the resistance level of $0.005395; this assures or confirms the bull’s return to the market. This will enable the buy traders to influence the price tendency.

Meanwhile, the signal of the stochastic oscillator points up in the oversold region. It suggests that the selling pressure has ended. Buyers are expected to continue the rally up to a significant level and the target might be a $0.1000 supply level soon 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.