IBATUSD Price May Breakup the $0.003919 Supply Mark Soon

Battle Infinity Price Forecast: IBATUSD Price May Breakup the $0.003919 Supply Mark (November 10)
There is a possibility for the IBATUSD pair to experience another bullish reversal price action and the price could be ready very soon for another upward move potential. If the forces from buyers in the market should increase and the current support level at $0.002623 holds, the coin price may possibly retest the $0.003919 previous swing high and this may extend to the $0.02000 upper high mark and beyond.

Key Levels:
Resistance Levels: $0.004500, $0.004600, $0.004700
Support Levels: $0.002600, $0.002500, $0.002400

IBAT (USD) Long-term Trend: Bearish (1H)
IBATUSD pair indicates a downward trend with a bearish sentiment in its long-term perspective as can be seen from the chart below. The coin price can be seen below the two EMAs which are fanned apart. This is due to the high inflows from the sell traders.

Earlier today, the bulls’ action increases the price of Battle Infinity up to the $0.003049 high mark above the EMA-9 even as the 1-hourly session opened today.

The sellers overridden this pattern and dropped the coin price to a low of $0.002623 value. Should buyers prove strong and move the coin price above the previous high at the $0.003919 trend line, further selling pressure will be invalidated. Meanwhile, traders who buy the coin during the bearish trend will also make profits.

In addition to that, there is a possibility for the occurrence of another bullish cycle soon as the coin market is oversold already. The crypto may likely pull back at the mentioned support and begins the bullish correction trend. This may break up the $0.003919 previous high which might possibly reach the $0.02000 resistance value in the coming days in its long-term perspective.

IBAT (USD) Short-term Trend: Bearish (15-Minutes)
The price of Battle Infinity is in a bearish move in its lower time frame. The prices are seen slightly below the moving averages, this is due to the brief return of sellers which may soon fade off.

Now, the current pullback at the $0.002660 supply value as the 15-minute chart opens today indicates the return of the long traders to stage a play and dominate the market actions. Further, if the bulls could push higher and additional selling power is prevented, the price may likely break up the previous high of $0.003919 value resulting in more intraday gains for buyers.

Hence, the IBATUSD market is showing more upside possibilities as shown by the momentum indicator pointing upwards; we can certainly expect more gains and strength from the coin. The pair may likely grow to retest the $0.003919 resistance level and further extend to a $0.02000 high mark 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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