Battle Infinity Price Prediction for Today, 7th of September:
IBAT/USD selling pressure may possibly end soon. If the investors could prove stronger the more and the price shows sustainability above the $0.005165 resistance value, its, upsides should extend further. Then we can expect a shift in trend to reach a $0.2000 high level.
Resistance Levels: $0.005100, $0.005200, $0.005300
Support Levels: $0.004500, $0.004400, $0.004300
IBAT (USD) Long-term Trend: Bearish (1H)
The Battle Infinity price is forming lower lows and lower highs on its long-term chart. Further, the price is trading below the two EMAs; which means that it’s in a bearish market zone at the moment.
The bulls made an increase to a $0.004849 supply level after which the sell traders inroad dumped the price to a $0.004517 low level shortly after today’s 1-hourly session opened.
The crypto rebounded from the mentioned support with a pin bar hammer candle. This indicates a genuine reversal which may attempt the $0.004849 breakout. Further, investors may seize the opportunity now and buy the coin at a lower price and look for more gains ahead.
Meanwhile, further downsides are unlikely as the market price of IBATUSD has reached the oversold region.
The coin will resume an uptrend soon, so we can now grow in confidence that a potential buyer is coming near.
The price jump could hit the the$0.2000 resistance level, indicating a strong supply zone for a potential BUY in its higher time frame.
IBAT (USD) Short-term Trend: Bearish (15-Minute)
The IBATUSD pair is in a bearish movement zone in its short-term outlook. This is due to the inflow from the sellers. Further, the price is gathering momentum and has decided to face the upsides to achieve more gains.
Just in after a few minutes after opening the 15-minute chart, the bulls made a correction at the $0.004570 supply value to resume its uptrend. This will actually encourage the buy traders to invest in the crypto, as possible future gains are certain.
The pair is pointing upwards at around the 20% range of the daily stochastic. It indicates that the Battle Infinity price is now in the oversold region of the market. It implies that the selling pressure has ended.
We will now be looking into the emergence of buyers in the oversold region of the market. This crossover could encourage the breakout rally to hit the the$0.2000 supply level soon in its lower time frame.
Battle Infinity has huge potential for unusually massive returns. Buy IBAT here: