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Lucky Block Market Prediction: June 16
The Lucky Block market prediction is that the price will strive to break through the $0.0001100 barrier and continue its upward movement.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0001990, $0.0001690, $0.0001420
Demand Zones: $0.0001100, $0.0000880, $0.0000720
The LBLOCKUSD market did not break above the $0.0001990 resistance level upon reaching. Subsequently, the price experienced a drop and entered a consolidation phase. During this consolidation, there is a potential bullish opportunity for buyers. A double bottom formation suggests a breakout towards the resistance level of $0.0001990.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
On the daily chart, the long-term trend for LBLOCK/USD remains bullish. The resistance at $0.0001420 and the $0.0000880 support are key to market direction.
The recent price action dropped below the $0.0001990 level, reaching as low as the $0.0000880 demand level. However, the bearish trend appears to have ended.
The EFI (Elders Force Index) powerline on both timeframes is aligned near the zero level, indicating the attempt of the buyers to prevent a significant drop. The Parabolic SAR dots remain above the candles.
Market Expectations
The Parabolic SAR (Stop and Reverse) dots on the 4-hour chart have confirmed a rising market from the $0.0000880 demand level, aligning below the candles. Buyers are now exerting their influence on the market.
It is anticipated that once the price successfully surpasses the $0.0001100 level, it will likely lead to a break of the $0.0001420 neckline. This will then lead to a bullish surge toward the $0.0001990 resistance.
How To Buy Lucky Block
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
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