Lucky Block Market Prediction: LBLOCK Gains Momentum in Triangle Formation

Lucky Block Market Prediction: January 9

The Lucky Block market prediction is for the price to make use of its current triangle structure to move the market in an upward direction.

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

Key Levels:
Supply Zones: $0.0000600, $0.0000880, $0.0001100
Demand Zones: $0.0000260, $0.0000360, $0.00004700

The Lucky Block market keeps accumulating in a triangle structure. There has been a bit of a hold-up in the market due to a lack of direction. The price, which is anchored between the $0.0000600 resistance level and the $0.0000470 support level, is now forming a regular triangle. This structure is expected to propel the market either way, but due to the closeness of the $0.0000470 safeguard, any breakout will either be upward or redirected upward.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

The Lucky Block market continues its accumulation within a triangular structure, experiencing a temporary impasse as market direction remains unclear.

The price, firmly positioned between the $0.0000600 resistance level and the $0.0000470 support level, is shaping into a regular triangle.

This geometric pattern is anticipated to propel the market in either direction and given the proximity of the $0.0000470 safeguard, any breakout is likely to be upward or redirected in an upward trajectory.

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

On the daily chart, the Bollinger Bands converge, wrapping around the candlesticks due to the ongoing accumulation. Concurrently, the RSI indicates market equilibrium, with its line hovering closely along the 50 mark.

 

Examining the 4-hour timeframe, the Bollinger Bands squeeze around the candlesticks, tapering through the triangular structure. The short-term RSI line, previously predominantly trading in the lower half of its chart, has now risen to equilibrium and beyond. This occurs as the price seeks a breakout, potentially moving upward.

How To Buy Lucky Block

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