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Lucky Block Market Prediction: November 29
The Lucky Block market prediction is for further bullish movements after it forces itself into the upper half of its parallel channel.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0000880, $0.0000360
Demand Zones: $0.0000260, $0.0000200
Lucky Block has made more visible progress by rising to the upper half of the parallel channel with strong bullish candlesticks. This was bound to happen since the price just ended a bearish cycle and there was price accumulation at that lower border. The coin will now be looking to build on this progress to break out of the channel and go on to violate the resistance level at $0.0000360.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
Lucky Block demonstrates substantial upward momentum, ascending to the upper half of the parallel channel with robust bullish candlesticks.
This notable progress follows the conclusion of a bearish cycle, coupled with price accumulation at the lower border.
The focus now shifts towards further advancements, aiming to break out of the channel and ultimately breach the resistance level at $0.0000360.
LBLOCK/USD Medium-Term Trend: Bullish (4-hours chart)
Examining the daily chart reveals a breakthrough from the constricting grip of the Bollinger Band, which had compressed around the price as the bearish cycle concluded. The Relative Strength Index (RSI) line, previously hovering below the 50 mark, has surged beyond this threshold in response to the prevailing bullish sentiment.
On the 4-hour timeframe, the candles extend beyond the upper Bollinger Band, surpassing the middle line. The RSI line, initially displaying fluctuations around the 50 mark, has now firmly risen into the upper half of the parallel channel. This collective evidence suggests a strong upward trend, reinforcing the potential for continued positive price movement in the Lucky Block market.
How To Buy Lucky Block
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.
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