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Lucky Block Market Expectation – July 12
The Lucky Block market expectation is for the coin to halt the bearish trend in the market at $0.00081040 and reengineer the price in an upward movement.
LBLOCK/USD Long-Term Trend: Bullish (30-Minute Chart)
Supply Zones: $0.009546, $0.00086860
Demand Zones: $0.00076050, $0.00081040
The market has been forced to conform to a gentle downward movement after failing to violate the LBLOCK/USD $0.00095460 significant supply level. This downtrend bypassed several key levels by posing consistent lower highs and lows. The price also broke the $0.00086860 demand zone, which previously restrained the coin from going low.
Lucky Block Market Expectation: LBLOCK/USD Revives Bullishness
Price movement has been generally limited below the $0.00095460 resistance level over the last two months. On the other hand, the market bulls are eager to break beyond this level.
The eagerness of the buyers to break the overall resistance level is seen as it keeps pushing the price towards the level despite the strong bearishness in the market.
Lblock is plunging again after failing to go beyond this $0.00095460 resistance level. However, buyers are strongly opposing the market’s dip at $0.00081040. The MACD (Moving Average Convergence Divergence) lines have crossed upward.
LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)
The 5-minute chart gives a closer look at the activities around the $0.00081040 demand level. The price dropped slightly below the level, but buyers reacted by pushing the market back onto the price line. As a result, LBLOCK has traded to the upside of the middle line of the Bollinger Band. The market needs to stabilize above that level.
The MACD on the short-term price chart is giving a positive outlook. Both lines of the MACD have crossed above the middle zero line, accompanied by increasing bullish candlesticks. The bulls are working hard to block further price plunges. If successful, then the price will ascend back to $0.00095460.
How To Buy Lucky Block
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