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Lucky Block Market Prediction: January 31
The Lucky Block market prediction is that the coin will keep rising after gaining strength at a strong support level just below its rising trendline.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $0002980, $0.0002040, $0.0001880
Zones of Demand: $0.0001570, $0.0001360, $0.0001200
Lucky Block is structured to put pressure on its $0.0002980 resistance level. However, the market slips off its rising trendline to the demand level at $0.0001420. Nevertheless, the price bounced off immediately and rose above the trendline. This time, the market will be more aggressive in pushing up to the $0.0002040 level.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
The Lucky Block market movement is such that it is making continual higher lows as it moves along a rising trendline.
With the support level continuing to rise, the market will not rise above $0.0002980. This trend will put pressure on $0.0002980 until it yields.
The price, however, slipped below the trendline but has rebounded off $0.0001420 to continue its trend. The MA Cross (Moving Average) is adjusting for a cross on the daily chart.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
On the daily chart, the RSI (Relative Strength Index) line has made a sharp upturn just before touching the oversold border. On the 4-hour chart, the RSI has been seen undulating below the middle line since mid-January but has broken that barrier with the rise of the price above the trendline.
The MA Cross has now crossed upward as the price rebounds from the $0.0001420 support level. After it recovers above its rising trendline, Lucky Block will continue its rising trend. The target is to first reach $0.0002040 before rising higher.
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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