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Lucky Block Market Prediction: July 25
The Lucky Block market prediction is for an impending breakout as the market matured into a triangle structure.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0001990, $0.0001420, $0.0001250
Demand Zones: $0.0000880, $0.0000720, $0.0000360
The Lucky Block market has been consolidating between $0.0001420 resistance and $0.0000880 support levels, with repeated unsuccessful breakout attempts. Currently, a matured triangle formation suggests an impending breakout.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
The Lucky Block market has been exhibiting a period of consolidation, characterized by the price trading between the resistance level at $0.0001420 and the support level at $0.0000880.
Despite numerous attempts to break out of this range, the market’s momentum has consistently been subdued at the resistance levels.
However, the current price action indicates that a bullish breakout may be on the horizon, with the formation of a matured triangle pattern.
Market Expectations
On the daily chart, the Moving Average (MA) period 25 reflects the current market conditions, portraying a sideways steady movement. To initiate the breakout, the price will need to trade above the MA. Additionally, the Relative Strength Index (RSI) on the daily chart indicates potential upward movement as it hovers closely below the RSI line, suggesting bullish momentum is building up.
Zooming into the 4-hour chart, we observe that the current trading level has already risen above the MA period 25, signaling a positive shift in the short-term trend. The RSI in this timeframe fluctuates around the middle line, reflecting a balanced market sentiment with no clear direction. Traders await a catalyst that could trigger a surge in the market, propelling the price past the critical resistance level at $0.0001420.
How To Buy Lucky Block
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
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