Lucky Block Market Prediction: Consolidation May Trigger a Forceful Breakout in LBLOCK Market

Azeez Mustapha

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Lucky Block Market Prediction: August 2

The Lucky Block market prediction is for the market’s continuous consolidation to lead to an aggressive breakout.

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

Key Levels:
Supply Zones: $0.0001990, $0.0001420, $0.0001100
Demand Zones: $0.0000880, $0.0000720, $0.0000650

Lucky Block Market Prediction: Consolidation May Trigger a Forceful Breakout in LBLOCK Market

LBLOCK faces a crucial moment in its price trajectory, trying to overcome the formidable weekly resistance level. The resilience of the bulls, coupled with market consolidation, suggests a potential break above $0.0001100, which could ignite an aggressive surge towards $0.0001420.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

LBLOCK is at a critical juncture in the market as it endeavours to surpass the significant $0.0001100 weekly resistance level, hinting at a potential upward movement.

The recent price dip raised concerns, but the bulls exhibited remarkable resilience, finding a firm support level at $0.0000880, and are on the verge of staging an impressive revival.

Observing the market dynamics, the Bollinger Bands are tightly squeezing against the candlesticks, indicating conservation of market volatility.

Market Expectations

Also on the daily chart, the Relative Strength Index (RSI) indicator has not made any significant progress away from the middle line, suggesting a relatively balanced battle between buyers and sellers. Analyzing the 4-hour chart, we see that the Bollinger Bands continue to show a further reduction in the range of candlestick movements.

Lucky Block Market Prediction: Consolidation May Trigger a Forceful Breakout in LBLOCK Market

The narrowed range of candlesticks’ movement implies the market is nearing a critical tipping point. Notably, the RSI indicator’s position on the 4-hour chart mirrors the daily chart’s, signifying that market sentiment remains relatively unchanged across both timeframes. This period of consolidation typically serves as a buildup of potential energy before an impending aggressive breakout towards the psychological resistance level of $0.0001420.

 

How To Buy Lucky Block

NoteLearn2.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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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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