Lucky Block Market Prediction: LBLOCK Attempts to Break Through $0.0001250 Level

Lucky Block Market Prediction: September 4

The Lucky Block market prediction is for the market to rebuild its momentum by rebounding off $0.0001100 to violate the $0.0001250 resistance.

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

Key Levels:
Supply Zones: $0.0001990, $0.0001420, $0.0001250
Demand Zones: $0.0001100, $0.0000880, $0.0000720

LBLOCK is on course to keep increasing in price. The coin has successfully navigated the $0.0001100 key level and has edged on towards the next resistance at $0.0001250. There was initial contact before a slight retracement. Nevertheless, the coin remains on course to drill through the level and could use the $0.0001100 support as a launching pad.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

LBLOCK is poised to breach the $0.0001250 price threshold after effectively traversing the critical $0.0001100 level.

Following an initial approach and minor retracement, the coin remains steadfast in its pursuit of breaking through this barrier, potentially utilizing the $0.0001100 support as a launchpad.

The initial price surge that facilitated the breakout has caused a significant elevation of Parabolic SAR (Stop and Reverse) dots, noticeably extending above subsequent candlesticks.

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

Meanwhile, on the daily chart, the Stochastic Oscillator lines have undergone a notable ascent from oversold territory to the overbought region, although the ongoing retracement has prompted a modest contraction in these lines. Shifting to the 4-hour chart, despite a general repositioning of Parabolic SAR dots beneath the candlesticks, a retracement has reinstated them above.

Concurrently, the Stochastic Oscillator lines have retreated into the oversold region. Investors will closely monitor the market’s attempt to regain momentum, primarily anchored by the $0.0001100 support level. This is expected to lead to a rebound that will shoot the market upward again to violate the $0.0001250 resistance level.

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