Lucky Block Market Prediction: LBLOCK Assumes a Triangle Formation For a Breakout

Lucky Block Market Prediction: January 8

The Lucky Block market prediction is for the buyers to use the triangle formation to lead a bullish resurgence toward $0.0000880.

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

Key Levels:
Supply Zones: $0.0000600, $0.0000880, $0.0001100
Demand Zones: $0.0000470, $0.0000360, $0.0000260

Lucky Block, over last week into this week, has now assumed a triangle formation. The triangle formation is one in which the candles taper through and finally break out at the tip. This is the latest move of the coin to stir itself in a direction. As mentioned last week, the bulls retain the upper hand around $0.0000470, demonstrated by their ability to stop the price drop and stabilize it at the key level.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

LBLOCK has recently adopted a triangle formation, indicating a potential breakout in its trajectory.

This formation is characterized by candles tapering through and eventually breaking out at the apex, representing the coin’s latest directional movement.

Last week’s analysis highlighted the bullish dominance around $0.0000470, evident in the ability to halt the price decline and stabilize it at this crucial level.

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

On the daily chart, a continuous line of Parabolic SAR (Stop and Reverse) dots has formed above the daily candlesticks since the rejection at $0.00009280. The Elders Force Index (EFI) power line indicates a market in a state of equilibrium, traversing close to the zero level.

The triangle pattern becomes more pronounced when examining the 4-hour timeframe. Parabolic SAR dots have switched, forming a substantial line beneath the candlesticks, providing the bulls with a noticeable advantage. Although the EFI remains around the equilibrium level, there is a discernible upward deviation. Consequently, the price is poised for a breakout, potentially reaching $0.0000880.

How To Buy Lucky Block

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