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Battle Infinity Price Forecast: IBATUSD Staying above the $0.003194 Supply Value (October 27)
The IBATUSD has been in a bullish rally in the previous action and from the look of it, it will keep growing. IBATUSD remains Strong above the $0.003194 Supply Value. Hence, a further increase in the bulls’ action may trigger the coin price up and breakout the previous high at $0.003247 mark, this may extend the price action to reach the $0.5000 resistance trend line and beyond.
IBAT (USD) Long-term Trend: Bullish (1H)
IBATUSD is in a bullish scenario as can be seen on the 1-hourly chart below. Sellers are in panic as the prices remain above the moving averages, confirming an uptrend.
Earlier today, after making a smooth ride up to a $0.003235 high mark, interaction from sellers drove the coin price down to a low at $0.003214 value above the moving averages; this signifies that the buy investors still remain dominant in the market and are actually buying the coin.
Meanwhile the current price shows a power struggle at the overhead resistance trend line, resisting the start of another bear cycle. Thus, should the bulls change their orientation and the buying pressure persists, the coin will possibly give a bullish breakout of the bearish pattern to retest the $0.003247 supply level, this may eventually lead the Battle Infinity price to the $0.5000 high mark in the coming days in its long-term perspective.
IBAT (USD) Short-term Trend: Bullish (1H)
IBATUSD is in a bullish race in the short-term outlook. The buyers also made an upward move to the $0.003234 resistance level before the end of the yesterday’s session. This gave the buyers more strength to continue with the trend.
The bulls are not relenting, an increase in price to the $0.003210 supply value above the two EMAs as the 15-minute session opens today, shows that the buy traders are actually on top of the market at the moment, traders are hereby advised to seize the opportunity and buy the coin now to have more gains ahead.
More so, if the buy traders should increase their price action, and bullish momentum is sustained, the Battle Infinity price may likely pump up to a significant level at a $0.5000 value and beyond in the upside before the close of today. This signals a BUY trade again in its lower time frame.
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Source: https://insidebitcoins.com/news/battle-infinity-price-prediction-for-today-october-27-ibatusd-remains-strong-above-the-0-003194-supply-value