Lucky Block Market Prediction: False Breakout Indicates Favorable Buying Opportunity

Lucky Block Market Prediction: March 8

The Lucky Block market prediction is for the price to make a strong actual rally after its current false breakout. The buyers are aggressive and raring to push higher.

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

Key Levels:
Zones of supply: $0.0002980, $0.0001880
Zones of Demand: $0.0001570, $0.0001420

Lucky Block has been pushing through the triangle pattern for a while. This has made the buyers very agitated and eager for a breakout, so much so that this led to a false breakout. The market has, however, settled back to the $0.0001420 support level and will not look for the chance for a proper rally that will drive the price high to the $0.0002980 resistance level.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

The LBLOCK buyers have become extremely aggressive as a result of the time the price has spent undulating through a triangle pattern.

The buyers have been stirred up so much that on the 6th of March, the market broke out prematurely. However, the price has now dropped back to align with the triangle pattern.

The rally that will lead to a clean breakout is still expected nonetheless. The ATR (Average True Range) indicator shows a sharp rise in market volatility due to the initial false breakout in price.

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

The volatility is fluctuating wildly on the 4-hour chart, as shown on the 4-hour ATR indicator chart. The RSI (Relative Strength Index) line has readjusted itself back below the middle level on its chart on the daily time frame.

On the 4-hour chart, the RSI line is in agreement with that of the daily chart. There is a strong fluctuation of the RSI line around the middle level, but the price ends up below it and closer to the oversold region. LBLOCKUSD is expected to have its proper breakout, which will propel the coin up to $0.0002980.

How To Buy Lucky Block

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