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Lucky Block Market Expectation: January 22
The Lucky Block market expectation is for the price to keep sliding upward using a trendline thereby increasing the pressure against the $0.0000470 level to bulge.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0000880, $0.0001100, $0.0000600
Demand Zones: $0.0000470, $0.0000360, $0.0000260
The Lucky Block market can be seen as sliding upward using a trendline. The price recently dropped below the strong support at $0.0000470 and it is proving difficult to ascend back above it. Nevertheless, the coin is now sliding up using a trendline which will help to keep a constant pressure from below on the key level till it bulges and LBLOCKUSD can then push higher towards $0.0000600 afterwards.
Lucky Block Price Anticipation: LBLOCK/USD Outlook
LBLOCKUSD exhibits an upward trajectory, following a trendline that signifies a gradual ascent in the Lucky Block market.
Despite a recent drop below the robust support at $0.0000470, the challenge of reclaiming this level persists. However, the coin is currently utilizing a trendline to maintain consistent upward pressure on the key level.
This strategic approach aims to create a bulge, enabling LBLOCKUSD to subsequently propel higher towards $0.0000600.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
Analysis of the daily chart reveals that the MA Cross (Moving Average) initially descended in tandem with the market after a downward cross at $0.0000600. Presently, the lines are poised for an upward cross, indicative of potential bullish signals. The Momentum indicator displays its line in a gentle slope, situated at a positive value.
On the 4-hour timeframe, the upward slide of the candlesticks is pronounced, albeit with a more gradual trajectory. The MA Cross on this timeframe continuously crosses laterally. Similarly, the Momentum indicator on the 4-hour chart moves laterally, maintaining a negative value. Despite these nuances, an overall bullish undertone is evident, suggesting a forthcoming and comprehensive demonstration of bullish momentum in the market.
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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