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Lucky Block Market Expectation: March 18
The Lucky Block market expectation is for the bulls to fight back above the $0.0000600 significant level from its current support level.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of Supply: $0.0000600, $0.0000470
Zones of Demand: $0.0000260, $0.0000360
The Lucky Block market has finally dropped to the $0.0000360 significant level. There has been lingering pressure on the market since it got rejected at $0.0000750, dipping to this level. Nevertheless, just like previously when the market kickstarted a revival at this level, the bulls are up and are fighting back. This is seen in a long wick to pierce the $0.0000470 resistance before correcting back above $0.0000360.
Lucky Block Price Anticipation: LBLOCK/USD Outlook
LBLOCK bulls are mounting a comeback as the Lucky Block market consolidates near the significant level of $0.0000360.
Pressure has persisted following the rejection at $0.0000750, driving the market to its current state. However, reminiscent of previous instances where a revival sparked from this level, bullish sentiment is evident as bulls push back.
This resilience is exemplified by a notable wick piercing the $0.0000470 resistance before retracing above $0.0000360.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
Crypto signals from the market’s technical indicators. The Parabolic SAR (Stop and Reverse) dots have positioned themselves above the daily candlesticks as the price consolidates at $0.0000360, suggesting a potential reversal. Additionally, the Stochastic Oscillator lines have descended further into the oversold region, presenting an opportunity for a bullish resurgence from this state.
The 4-hour chart reveals further insights into market dynamics. The alternation of Parabolic SAR dots around the candles indicates a period of price consolidation, with more dots appearing above, contributing to the current dip. Meanwhile, the Stochastic Oscillator lines exhibit a downward trajectory until they approach the oversold border, signalling a potential reversal as the market prepares for a bullish turnaround.
How to buy Lucky Block
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