IBATUSD Immediately Faces Big Rebound, Targets $0.400 Supply Mark

Battle Infinity Price Prediction: IBATUSD Targeting $0.400 Supply Mark (26 Oct)
Currently, IBATUSD is in a bearish move. The crypto market continues to struggle as another rate hike is expected soon as the market is currently oversold. Additionally, this support also acts as a neckline barrier for the descending triangle pattern, from which a reversal will trigger a new bull cycle within this pattern. A pullback from the $0.003004 low therefore reinforces this bullish thesis, pushing the price up 85% to reach the $0.400 res mark.

IBAT (USD) Long-Term Trend: Bearish (1H)
Analyzing the chart below, we can clearly see that the IBATUSD pair is in a bear market zone. The price is currently below the two EMAs.

Earlier today, buying traders moved up to $0.003061 highs, but interference from selling traders pushed the price down to $0.003004 level lows. Therefore, traders who buy coins in a large bear market can profit and earn more in the future.

Plus, with the market already oversold, it’s clear that Battle Infinity’s price could jump significantly soon. This will attract more buying investors into the market and resume the bullish correction pattern. If that happens, the price could rise further towards the $0.400 cap, which adds to the bullish competition ahead in the long-term outlook.

IBAT (USD) Short-Term Trend: Bearish (15 min)
Momentum on the lower timeframe is also bearish. The price bar is below the moving averages due to short-term returns from sellers.

A few minutes into the opening of the 15-minute chart, the bulls broke out of their shells and made a correction at the high of $0.003020, resuming the uphill race. Therefore, a more bullish break above the aforementioned resistance would hinder further selling pressure.

On the other hand, the coin’s target price is $0.400, trying to return the bullish trend pattern to the upper resistance as indicated by the daily probabilistic upside in the oversold territory. The aforementioned targets are likely to be tested soon from a short-term perspective.

Battle Infinity has great potential for unusually large returns. Click here to purchase IBAT

Dash 2 Trade’s pre-sale is off to a great start, already raising over $2 million in just a few days. Originally costing him only $0.0476, now he is $0.05. The price rises again to $0.0513 in the third presale phase.

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