Battle Infinity’s (IBAT) Next Price Target Might be the $0.02000 Supply Mark

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Battle Infinity (IBAT) Price Forecast: December 16
The Battle Infinity (IBAT) price’s next target might be the $0.02000 supply mark. The buying pressure can still go higher if the bulls are able to swing harder and the coin price is able to break up the $0.002099 high value, then we can expect a good upside momentum up to the $0.02000 resistance trend line.

Key Levels:
Resistance Levels: $0.004500, $0.004600, $0.004700
Support Levels: $0.001800, $0.001700, $0.001600

IBAT (USD) Long-term Trend: Bearish (1H)
The IBATUSD market is trading in a downtrend. The chart shows how the price tried to break this price channel with a bullish break, now a false break. The price is trading below the supply trend lines due to the interaction from the sell traders in the previous action.
Battle Infinity's (IBAT) Next Price Target Might be the$0.020000 Supply MarkThe coin price on the 1-hourly chart is currently facing resistance near the $0.001926 value and the coin is also approaching the retest of the previous high at the the$0.002023 level.

The price seems to be taking a pause before breaking above the resistance line. Therefore, if the bulls increase their tension in the market, the price tendency will move above the key levels.

In addition, the price of IBATUSD may likely continue its bullish waves as indicated by the daily stochastic which is pointing in an upward direction, a daily close above the $0.003500 high mark could invalidate further bearish outlook and the $0.02000 supply value might possibly be the target in its long-term perspective.

IBAT (USD) Short-term Trend: Bullish (15 Minutes)
The momentum on the short-term outlook is in an ascending channel as can be seen from the chart below. The price of IBATUSD is currently trading at the resistance above the EMA-9. So it seems likely that the bulls are about to take over and push us higher. However, the previous action at the $0.001970 high level during yesterday’s session has really sustained the coin price to remain above the trend line.
Battle Infinity's (IBAT) Next Price Target Might be the$0.020000 Supply MarkDespite the interactions from the short traders, the bulls caused a rise to a $0.001926 high level as the 15-minute chart opens today. Thus, buyers need to add more pressure to their activities to move the price of battle Infinity beyond the current price level.

Further, continuation to the upsides is likely as the price indicator projects an upward move. This implies that the bullish trend will most probably continue and the pattern might hit the $0.02000 resistance trend line resulting in intraday gains for the coin holders in its short-term view.

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.