Lucky Block Market Expectation: LBLOCK Haggles at the Consolidation Resistance

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Lucky Block Market Expectation: March 30

The Lucky Block market expectation is that the coin to push towards an exit from consolidation to the upside. The price is currently haggling at the resistance level.

LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)

Key Levels:
Supply Zones: $0.0001990, $0.0001880
Demand Zones: $0.0001570, $0.000142

Lucky Block is on the verge of bursting through the consolidation channel and continuing its upward movement. The price earlier surged up but corrected back to $0.0001420. Since then, the $0.0001620 has prevented the coin from rising further. However, the bulls are hyped with positive indications, and the price is set for a breakout to continue its rise.

Lucky Block Market Expectation: LBLOCK/USD Outlook

Lucky Block is on the verge of continuing its upward movement. There had been a sharp rise after the price escaped its triangle structure. Immediately following the sharp rise is a pullback.

The pullback helped the price settle above the $0.0001420 significant level, which is a higher low compared to its previous low. However, in an attempt to continue its rise, the $0.0001620 has been a hindrance.

The coin has pierced the resistance with many wicks, and the market is haggling over the resistance level. The MA period 30 (Moving Average) remains stationed at the lows of the candles to act as support.

LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)

On the daily chart, the RSI (Relative Strength Index) line has been prevented from going below the 50 mark. Instead, the line has bounced off that level and is rising now. On the 4-hour chart, the RSI line has plunged below the 50 mark but has since beaten a retreat and gradually risen above that 50 mark.

The MA period 30 on the 4-hour chart has bent down into the consolidation towards the lows of the candlesticks as if to pull the price upward. The indicators and indications give more bias to the buyers. The market will likely pull through beyond the $0.0001620 resistance level and continue its upclimb toward $0.0001990.

How To Buy Lucky Block

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