IBATUSD Retracing at the $0.003407 Support Value
IBATUSD selling pressure may possibly end soon to face the positive side as usual. Therefore; if the buyers should accelerate their price actions in the market $0.400 upper resistance level may be retested.
Resistance Levels: $0.005100, $0.005200, $0.005300
Support Levels: $0.003400, $0.003300, $0.003200
IBAT (USD) Long-term Trend: Bearish (1H)
As an outcome of low volume from the bulls, the IBATUSD pair is in a bearish trend on the 1-hourly chart.
The pair has reached the $0.003630 resistance mark as the 1-hourly chart opens today after which the intervention from the bears now dropped the coin price to a low at the $0.003407 level. However, with this trend, traders may buy the coin at a low price and move the market higher.
Meanwhile, there is a possibility of a price reversal at the mentioned support level as the market is now below 20% in the oversold region of the daily stochastic. This means that the selling momentum will end soon and the time to gain more strength from the buyers is near.
The next bullish correction phase could reach a high at the $0.400 upper supply mark in the days ahead as we watch the Battle Infinity market turns bullish sooner in its long-term outlook. Therefore traders should get ready for time to buy the coin as the market turns to a bullish scene very soon.
IBAT (USD) Short-term Trend: Bearish (15-Minutes)
The market value of Battle Infinity on the lower time frame (15 minutes) at the $0.003434 resistance value is seen below the moving averages. This is to announce to the traders about the return of the buy traders to resume the uptrend and dominate the crypto market.
Thus, the IBATUSD price will likely rise further in no long time as the bulls are coming in a grand style to dominate the market. Traders may use this opportunity to buy the coin at a cheaper rate as the market turn bullish sooner.
The price is also pointing in an upward direction which suggests that the coin market price will continue in a positive move and this could reach a high at the $0.400 mark sooner in its lower time frame.
Battle Infinity has huge potential for unusually massive returns. Buy IBAT here
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