Lucky Block Market Prediction: Bulls Fortify Position Above $0.0000880 Support Level

Lucky Block Market Prediction – August 7

The Lucky Block market prediction is for the bulls to reinforce their stance by drawing strength from the $0.0000880 support.

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

Key Levels:
Supply Zones: $0.0002980, $0.0001990, $0.0001690
Demand Zones: $0.0001420, $0.0001250, $0.0000880

The bullish sentiment within Lucky Block is gaining traction from the underlying $0.0000880 support level. The market has sustained a consolidation phase since mid-May, marked by several attempts to achieve a breakout that has yielded limited success. Nonetheless, the bullish players exhibit resilience and are employing a familiar strategy to reevaluate resistance levels. This approach involves a deliberate descent to subsequently rebound from the $0.0000880 support level.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

Lucky Block’s bullish forces are reinforcing their stance, drawing strength from the foundation provided by the $0.0000880 support level.

The market has been entrenched in a consolidation phase since mid-May, and despite various attempts to break free, substantial success has remained elusive.

Nevertheless, the bulls are undeterred, adopting a strategic approach to once again challenge the resistance levels. Their current manoeuvre involves a drop followed by a rebound from the $0.0000880 support level.

Market Expectations

On the daily chart, the Momentum indicator has exhibited a pronounced upward trajectory, mirroring the rebound in price from the $0.0000880 demand level. Concurrently, the Stochastic Oscillator lines briefly dipped into the oversold region but have since recovered and are poised for further upward movement.

Promising signals are also evident on the 4-hour chart, where the Momentum indicator portrays more pronounced upward momentum within this condensed timeframe. The Stochastic lines have now advanced to the midpoint of their chart. Buyers are optimistic that this renewed surge in bullish activity will successfully breach resistance levels, particularly surpassing the $0.0001420 threshold.

 

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.