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Lucky Block Market Prediction: August 17
The Lucky Block market prediction is for the price to anticipate more bullish movements after an initial spike and break out of consolidation.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0001990, $0.0001420, $0.0001250
Demand Zones: $0.0000880, $0.0000720, $0.0000360
In recent weeks, the Lucky Block market consolidated within a triangle formation, prompting an upward spike in coin price. This propelled the price through resistance levels above $0.0001420. However, sustaining this momentum proved challenging, leading to a retracement near the $0.0000880 support level. Anticipate an ongoing coin price rise as bullish sentiment remains charged.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
LBLOCKUSD’s bullish tendencies are becoming evident as the Lucky Block market recently broke out of a consolidation phase within a triangle formation.
This led to an upward spike in price, breaching resistance levels and surpassing the $0.0001420 mark. Although the market couldn’t maintain this momentum, it has retraced near the $0.0000880 support level.
Nevertheless, the bulls are now recharged, hinting at continued price growth. The Stochastic Oscillator lines on the daily chart hover around the oversold border, suggesting an impending price rise.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
Additionally, the daily RSI (Relative Strength Index) indicator on the daily chart has responded to the spike by trending upward toward the 50 level. However, the breakout from the triangle structure is visible on the 4-hour chart.
Once again, the Stochastic indicator remains in the oversold region, indicating a forthcoming price surge, which is further supported by the RSI indicator trending towards the overbought region. The market is poised to continue its upward trajectory toward the $0.0001420 mark.
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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