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Lucky Block Market Prediction: February 1
The Lucky Block market prediction is for the price to make use of its stronghold at $0.0000360 for a rebound towards the $0.0000600 level.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0000470, $0.0000600
Demand Zones: $0.0000360, $0.0000260
The Lucky Block market has now built a stronghold above the $0.0000360 support level. This is a major level that once acted as an almost insurmountable resistance level to the market from September last year until the end of the year. A lot of bullish effort eventually violated the level, but the consequence was a retracement in the mark. Nevertheless, the market has built a stronghold above the level now in anticipation of using it as a springboard to propel the market.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
LBLOCK has successfully established a stronghold above the critical $0.0000360 support level.
The market eventually underwent a retracement after persistent bullish efforts broke through this level, which had historically served as strong resistance from September to the end of the previous year.
Currently, the market has fortified its position above this level, anticipating its use as a springboard for a potential market surge.
LBLOCK/USD Medium-Term Trend: Bullish (4-hours chart)
On the daily chart, the market demonstrates a gravitational pull towards the significant $0.0000360 demand level for support, with candles sliding down along the lower Bollinger Band. Despite the continuous drop, the Momentum indicator reveals steady and unwavering momentum, providing the bulls with the necessary leverage for a potential comeback.
Examining crypto signals on the 4-hour chart, parallels with the daily chart are evident. The Bollinger Bands are more constricted around the 4-hour candlesticks, creating an environment ripe for a breakout. Simultaneously, the Momentum indicator indicates a more significant range in this timeframe as market forces seek expression. Overall, LBLOCKUSD is expected to rebound off its stronghold at $0.0000360, propelling towards the $0.0000600 resistance level.
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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