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Lucky Block Market Expectation: April 5
The Lucky Block market is expected to initiate its upward momentum without even reaching $0.0000260. This is due to increasing buyers’ interest.
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 can be said to be beginning its upward trajectory. The price earlier tried to rally off the $0.0000360 support level but the market never really took off. LBLOCKUSD then resorted to a lower price to achieve that and it is panning out according to plan. Investors are attracted and are buying into the market at a lower price. As it stands, the coin might not even drop to $0.0000260 before it begins its reversal.
Lucky Block Price Anticipation: LBLOCK/USD Outlook
The Lucky Block market appears to be initiating its upward momentum, having not even reached the $0.0000260 support level.
While a previous attempt to rally from the $0.0000360 support level did not materialize, LBLOCKUSD has since adjusted its strategy by offering a lower price point, successfully attracting investors to the market.
Currently, there are indications that the coin may not even descend to $0.0000260 before commencing its upward reversal.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
On the daily chart, the MA period 20 (Moving Average) is gradually descending towards the rising candles. This convergence suggests that the market is poised to trade back above the MA in the near term. Additionally, the Relative Strength Index (RSI) line, after touching the oversold border, has shown resilience and is now attempting to rebound from this level.
Shifting the focus to the 4-hour timeframe, the market has already surpassed the MA period 20, indicating a positive shift in momentum as it targets higher price levels. Concurrently, the RSI line has surged from the oversold region, surpassing the 50 mark. Given the crypto signals and the increasing investor interest, the Lucky Block market is anticipated to continue its upward trajectory steadily.
How to buy Lucky Block
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.
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