Lucky Block Market Expectation: Price Accumulation Persists for LBLOCK

Lucky Block Market Prediction: February 5

The Lucky Block market expectation is for the market to keep accumulating before the buyers take advantage to drive the price higher.

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

Key Levels:
Supply Zones: $0.0000470, $0.0000600
Demand Zones: $0.0000360, $0.0000260

Lucky Block is still undergoing the process of price accumulation above the $0.0000360 support level. This accumulation phase is characterized by miniature candlesticks with long wicks. It can be noticed that the rate of price drop has reduced because the price has dropped to strong support levels. Therefore, at $0.0000360, the buyers are settling down to properly accumulate strength that will potentially drive the market upward.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

Lucky Block continues its ongoing phase of price accumulation, positioned above the strong $0.0000360 support level.

This accumulation phase is characterized by miniature candlesticks with long wicks, indicating a reduction in the rate of price drop as the market reaches a robust support level.

At this $0.0000360, buyers are strategically settling down to accumulate strength, aiming to drive the market upward.

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

On the daily chart, the Parabolic SAR (Stop and Reverse) is prominently positioned above the daily candlesticks, illustrating the downtrend observed over the past few weeks. While the Stochastic Oscillator lines fluctuate around the oversold zone, a higher low is evident, instilling hope for some underlying progress from the buyers.

Shifting to the 4-hour timeframe, the positioning of the Parabolic SAR dots has adjusted, alternating around the 4-hour candlesticks, reflecting the ongoing market accumulation. Simultaneously, the Stochastic Oscillator lines range from around the overbought border to the oversold border, indicating current market fluctuations. With these crypto signals in play, price accumulation is anticipated to propel the market upward shortly.

How to buy Lucky Block

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